Andrew Kuo Joins Blackstone's Hong Kong Office

    NEW YORK & HONG KONG, October 22 /CNW/ - The Blackstone Group today
announced that Mr. Andrew Kuo has joined its Hong Kong office as Managing
Director and Vice Chairman, Greater China. He will be primarily involved in
sourcing and managing private equity deals, as well as helping the other
business divisions in the region.

    Mr. Stephen Schwarzman, Chairman and CEO of the Blackstone Group said,
"We are very pleased that Andrew is joining our Asian operation. He brings
with him a wealth of experience working in Taiwan and the mainland of China,
as well as excellent client connections in that region. His experience in both
direct investment and investment banking will be very useful to us as
Blackstone expands its Asian franchise."

    Before joining Blackstone Mr. Kuo was Managing Director and Head of
Greater China for H&Q Asia Pacific since 2005. Prior to that he was Managing
Director, Senior Country Officer, and Vice Chairman of the Greater China
Operating Committee of JP Morgan in Hong Kong. From 1989 to 1998, Mr. Kuo was
with Citibank Taipei, most recently as the Head of the Corporate Banking
Group. He has also served on the Advisory Committee of the Hong Kong Monetary
Authority (HKMA) and as a member of the Advisory Board for InvestHK.

    Mr. Kuo received his Bachelor's degree from Fu-Jen Catholic University
and his Master of Business Administration from the City University of New

    Mr. Kuo is also an independent non-executive director of Cathay Financial
Holdings in Taiwan and of Samson Holding in Hong Kong.

For further information:

For further information: The Blackstone Group John Ford, +1 212 583 5559
SVP Corporate Communications

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