Leading U.S. investment company Blackstone has hired an experienced banker to help with its expansion into Switzerland.

U.S. investment company Blackstone has appointed Michael Mostert (pictured below) to the newly created post of principal for Private Wealth Solutions in Switzerland. Blackstone said in a press release Tuesday that Mostert would be responsible for expanding relationships with family offices and other managers of private wealth.

Mostert was intermediary sales director for Schroders Investment Management in Switzerland before joining Blackstone. He has also worked for Barclays Capital and BNP Paribas.

Blackstone has set up a legal entity in Switzerland as a basis for the expansion, according to the register of businesses. Blackstone’s Private Wealth Solutions business manages over $100 billion. In simple terms, the unit offers very wealthy private investors access to Blackstone’s alternative investment solutions platform.

Read more/Source: finews