Blackstone promotes new Asia Pacific chairman

Blackstone’s head of real estate Christopher Heady has been promoted to chairman amid a number of changes in the firm’s management structure in the region.  

Blackstone Group has named Christopher Heady as its chairman for its Asia Pacific operations.

Hong Kong-based Heady will also continue his role as senior managing director and head of real estate for the region, Blackstone said in a statement announcing the promotion.

A veteran in the industry, Heady joined Blackstone in 2000 and has been instrumental in expanding the firm's real estate footprint in Asia. He has played a key role in around $3 billion worth of acquisitions in China, India, Japan and Australia, according to the firm's corporate website.

Supporting Heady in his role will be Jan Nielsen who currently leads Blackstone's private equity investing in Southeast, Japan and Korea. Nielsen, who until now was chief operating officer for the private equity division in Asia Pacific, has become chief operating officer for all businesses and administrative functions. He joined the organisation in 2005 from Morgan Stanley, where he was an associate in the technology investment banking group.

In another management restructuring announcement, the Tokyo-based Daisuke Kitta, the firm's head of real estate for Japan, has been promoted to lead Blackstone's country-wide operations across all businesses and administrative functions. Kitta has been with Blackstone since 2008. Prior to joining the firm, he was responsible for originating and executing real estate transactions in Japan for Deutsche Bank.