Alternative asset manager Blackstone has announced changes to its leadership team and the introduction of new functions aimed at enhancing client services and capital raising.
Farhad Karim is appointed as the global chief operating officer (COO) of private wealth solutions (PWS), Chris Sullivan as head of sponsor coverage, and Adam Lane joins as head of consultant relations.
As the newly appointed COO of PWS, Farhad Karim will oversee the operations of a business that provides access to alternative investments for financial advisors and their clients.
Blackstone’s PWS manages $250bn in assets. Karim’s role will focus on product and regional expansion within the PWS division.
He brings an experience to the role, having joined Blackstone in 2011 and serving in various capacities, including chairman and COO of Blackstone Europe.
Chris Sullivan’s new position as head of sponsor coverage will enable Blackstone to offer comprehensive, multi-asset class solutions to private equity sponsors.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSullivan, who has been with the firm since 2021, will leverage his expertise in private credit sponsor relationships to enhance service across debt and equity strategies. His background includes over two decades at Barclays, where he developed a wealth of industry knowledge.
Adam Lane’s appointment as head of consultant relations marks his entry into Blackstone, where he will be crucial in building relationships with consultants who advise the firm’s institutional clients.
Lane’s role is also expected to support Blackstone’s Private Capital Group, drawing on his nearly two decades of experience at Goldman Sachs Asset Management. His previous positions included partner, global head of Wealth Management Alternatives, and co-head of U.S. Third Party Wealth.
Blackstone president and COO Jon Gray said: “These appointments underscore the tremendous momentum at Blackstone in terms of accelerating who we serve and the breadth of solutions we offer.
“By elevating leaders like Farhad and Chris, and adding exceptional talent like Adam, we continue to build on this strength.”
With more than $1.1tn in assets under management, Blackstone’s global investment strategies span various sectors, including real estate, private equity, and infrastructure.
In July this year, Australia’s Symphony Infrastructure Partners secured a minority investment from Blackstone Tactical Opportunities funds.
