Ben Jenkins has stepped down as senior managing director at Blackstone Group, Reuters reports. He oversaw the buyout group’s first investments across the region, including its $600 million investment in China’s BlueStar Chemical, a subsidiary of ChemChina. He was based in Hong Kong. Jenkins was Blackstone’s top Asia manager until December, when the firm moved Michael Chae, a senior managing director in New York, to Hong Kong, to run the private equity unit there, as well as to run relationships with Blackstone’s investors in the region.
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