Blackstone Names Europe Business Head

Blackstone has reshuffled its management as part of its $15 billion fund-raising.

Blackstone has reshuffled its management as part of its $15 billion fund-raising, The Telegraph reports. The firm has promoted Joe Baratta to the position of head of the European business.

The buyout firm has transferred David Blitzer to New York from U.K. and CEO, Stephen Schwarzman, to Paris. Blitzer is expected to move in August this year.

Click here for the story from The Telegraph.