Blackstone sets sight on Asian expansion

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Global asset manager Blackstone is intent on expanding its business in Asia. With over US$248 billion assets under management, the firm opened its first Singapore office on Monday at Marina Bay Financial Centre.

Citing Singapore as a “critical hub” for the firm and all of its business in Asia and globally,

Blackstone wants to pursue other opportunities across its Asian offices in Hong Kong, Beijing and Seoul, as well as in Mumbai, Shanghai, Tokyo and Sydney.

Blackstone has also established its first regional treasury centre in Singapore outside of New York.

The company currently has 26 staff in Singapore working across the firm’s business groups, including private equity and real estate.

Blackstone’s private equity business has US$2.6 billion deployed in 23 investments in Asia.

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam who was present at the opening ceremony noted that Blackstone’s entry into Singapore is most timely.

Mr Tharman said: “Asia is growing. It stumbles from time to time and those stumbles are extremely useful because they refocus minds. But it’s a part of the world that’s growing. It’s not pre-ordained, but it’s got enough energy, it’s got enough wilfulness and reforms and it’s got a future that it’s to lose, so Asia is one area of the world in a difficult global environment where opportunities are still being created and they’re multiplying year after year.

“And you’re coming here as an outstanding private equity firm, you’re setting up a hub in Singapore for private equity and real estate and also deciding to set up your first treasury firm in Singapore, outside of New York, is not just about the activity of doing but it signifies something more broadly about opportunities in Asia.”

Source : Channel News Asia | October 21, 2013
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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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