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Tuesday, January 7, 2014

Blackstone taps adviser Carnegie to head Australia, (NYSE: BX)

Blackstone Group LP has appointed one of its senior advisers to head its Australia business, a spokeswoman said on Tuesday, in a sign the firm plans to ramp up its investing efforts inside the country. Carnegie, an Australian private equity veteran and a former partner at domestic firm Archer Capital, will be a senior managing director at Blackstone and will assume a direct deal-making role, according to Charlotte Bilney, an external spokeswoman for the firm. He had been a Blackstone senior adviser in Australia since 2012.Carnegie will report to Michael Chae, Blackstone's Hong Kong-based head of Asia Pacific private equity.The Australian Financial Review earlier reported Carnegie's new role.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.78% or $-0.57/share to $31.48. In the past year, the shares have traded as low as $16.56 and as high as $32.68. On average, 4712970 shares of BX exchange hands on a given day and today's volume is recorded at 6753065.