Blackstone Senior Asia Exec Quits

Ben Jenkins has stepped down as senior managing director at Blackstone Group.

Ben Jenkins has stepped down as senior managing director at Blackstone Group, Reuters reports. He oversaw the buyout group’s first investments across the region, including its $600 million investment in China’s BlueStar Chemical, a subsidiary of ChemChina. He was based in Hong Kong. Jenkins was Blackstone’s top Asia manager until December, when the firm moved Michael Chae, a senior managing director in New York, to Hong Kong, to run the private equity unit there, as well as to run relationships with Blackstone’s investors in the region.

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