Blackstone to Name Vik Sawhney Chief Administrative Officer, Global Head of Investor Relations and Business Development
September 09 2019 - 9:00AM
Business Wire
Blackstone (NYSE: BX) announced today that Vik Sawhney, Chief
Operating Officer of Blackstone’s private equity business, will
become the firm’s first Chief Administrative Officer and Global
Head of Investor Relations and Business Development (IRBD),
effective January 1, 2020.
As CAO, Mr. Sawhney will report to Blackstone President and COO,
Jon Gray, to assist in day-to-day operations of the firm. He will
partner with Blackstone’s business groups, regional offices and
support teams on key strategic initiatives and the further
integration of the firm as well as continue to oversee the firm’s
Capital Markets business. As Global Head of IRBD, he will help to
oversee the firm’s Limited Partner relationships.
Jon Gray, President and COO of Blackstone, said: “I am thrilled
to have Vik stepping into this new role. He has earned the strong
trust of our Limited Partners and is widely respected throughout
Blackstone for the strength of his relationships as well as his
judgment and integrity. In this new role, he’ll help us continue to
deepen the integration of our firm across business lines and
continually do more for our investors.”
Mr. Sawhney joined Blackstone in 2007 and currently serves as
COO of Blackstone’s private equity business, where he oversees LP
relationships, fundraising, and other day-to-day management
responsibilities for the group.
Robert Ramsauer, a Senior Managing Director in Blackstone’s
private equity group in London, will move to New York and succeed
Mr. Sawhney as COO of Blackstone Private Equity. Since joining
Blackstone in 2004, Robert has been a core member of our European
private equity team.
Joe Baratta, Blackstone’s Global Head of Private Equity, said:
“Robert has been a trusted Blackstone colleague for 15 years. He
has exceptionally strong management and people skills and has a
thorough understanding of our business. He is the ideal choice to
step into Vik’s shoes and support the management of our outstanding
private equity business.”
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $545 billion in assets under management, include
investment vehicles focused on private equity, real estate, public
debt and equity, growth equity, opportunistic, non-investment grade
credit, real assets and secondary funds, all on a global basis.
Further information is available at www.blackstone.com. Follow
Blackstone on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20190909005573/en/
Matt Anderson +1-212-390-2472
matthew.anderson@blackstone.com
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