Blackstone has made several leadership changes in the past year. The firm recently promoted real estate head Jon Gray to president and chief operating officer, making him an heir apparent. Ken Caplan and Kathleen McCarthy replaced him. In January, John McCormick was named to take over the hedge fund business as Tom Hill stepped into a chairman role. And in June, the former head of the firm’s energy debt practice, Dwight Scott, became president of the credit unit, GSO Capital Partners.
Earlier this year, a group led by Blackstone agreed to buy a majority stake in Thomson Reuters Corp.’s financial and risk unit in a deal that values the business at $20 billion, sealing plans for the firm’s biggest buyout in a decade.
This article was provided by Bloomberg News.