Former Future Fund boss goes to Blackstone
Former Future Fund general manager Paul Costello has been appointed as non-executive chairman of global investment and advisory firm, Blackstone.
Blackstone announced Costello's appointment today, saying he would report to Blackstone's president Tony James and the company's private equity head in the Asia-Pacific, Michael Chae.
Commenting on Costello's appointment, Chae said Australia represented a market of long-term importance to Blackstone because of the increasing number of institutions which were choosing to invest with the company and "as a source of attractive investment opportunities for our funds".
"Paul's background superbly positions him to guide us as we grow the business in Australia and New Zealand," he said.
Recommended for you
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.
The principal partner of this year’s Women in Finance Summit has said organisations that practise inclusivity are more likely to build trust in the community.
Both Schroders and abrdn have appointed new group chief executives to lead their respective firms.