David Verey Joins Blackstone as Senior Advisor.Business Editors NEW YORK--(BUSINESS WIRE)--April 1, 2003 The Blackstone Group Blackstone Group L.P. (NYSE: BX) is a prominent private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City, in River House on Park Avenue at Fifty-first Street, with offices in Atlanta, announced today that David Verey has joined Blackstone as senior advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. to the firm in Europe. Mr. Verey's primary focus will be to work with Blackstone's advisory and investment groups on European transactions and to assist Blackstone with its growth and development plans in Europe. In addition, Mr. Verey will join Blackstone's European Advisory Board. Stephen A Schwarzman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Blackstone Group, said: "David Verey's unique thirty years of experience as one of London's leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. figures will be of immense value to our business and to our plans to grow our presence in Europe. We are delighted that he has chosen to work with us in this capacity." David Verey added: "I'm very excited to be joining a firm with such an extraordinary reputation and a track record of success in all of its businesses. The firm has enormous potential on both sides of the Atlantic." David Verey, 52, was with Lazard Brothers for twenty-eight years becoming Chief Executive in 1990 and Chairman two years later. He was a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. of media group Pearson Plc., from 1996 to 2000. He was educated at Eton College and Trinity College Cambridge, is a member of the Financial Services Practitioners' Panel, Chairman of the Trustees of the Tate Gallery in London, and a fellow of Eton College. The Blackstone Group, a private investment bank with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London, was founded in 1985. The firm has raised a total of approximately $24 billion for alternative asset investing since its formation. Over $14 billion of that has been for private equity investing, including Blackstone Capital Partners IV, the largest institutional private equity fund ever raised at $6.45 billion. In addition to Private Equity Investing, The Blackstone Group's core businesses are Private Real Estate Investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. , Corporate Debt Investing, Marketable Alternative Asset Management, Mergers and Acquisitions Advisory, and Restructuring and Reorganization Advisory. |
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