Blackstone expands Asia team with senior hires

Blackstone has hired Yi Luo and Edward Huang to focus on the Greater China market.

The firm said yesterday that Luo and Huang report to Michael Chae, the head of private equity for Blackstone in Asia-Pacific. Luo joined as senior managing director, based in the firm’s Shanghai office, and Huang as managing director, based in Hong Kong.

Luo previously worked for Carlyle Group in Shanghai and Hong Kong for more than eight years as a senior global partner and managing director within their Asia private equity team. He was a member of Carlyle’s Asia investment committee and was the chairman of both Carlyle’s renminbi fund and its...