Blackstone Triples Wealth Tie-Ups as It Chases Europe’s Affluent
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Blackstone Inc. has teamed up with almost 80 different partners as the alternative asset manager looks to tap into the ranks of Europe’s wealthy investors while navigating its balkanized patchwork of regulations.
The New York-based firm has tripled the number of private banks, wealth managers and insurers it works with over the past two years, according to Rashmi Madan, Blackstone’s head of private wealth for the EMEA region. This year alone it has signed up with 25 new distribution partners in countries including Germany and France, she said in an interview.