Private Wealth, Product Strategy Associate

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
 

Blackstone Private Wealth:

Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capability to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternatives.

Global Product Strategy Group:

The Global Product Strategy Group in Private Wealth plays an integral role in delivering product solutions to client stakeholders.  They cover the entire fund lifecycle, from product development to supporting fundraising efforts through investment and ultimately return-of-capital. 

Product Strategy oversees product development in Private Wealth – including identifying large product opportunities, executing product launches, and identifying structural solutions that are relevant to client segments/geographies. 

Product Strategy has key internal and external stakeholders, including BX investment teams, PW sales professionals, distributor due diligence teams, financial advisors, and end-clients.

Job Title:

Private Wealth, Associate – EMEA Product Strategy

Job Description:

Primary job responsibilities will include:

• Support the development of domestic and international structures/solutions mindful of appropriate regulatory frameworks and constraints
• Research regulatory developments and competitive landscapes across alternative asset classes, strategy types and product structures to help identify scale opportunities;
• Work collaboratively with the global GPS team, Blackstone’s investment businesses and PW business functions to support the creation of new products designed to fit clients’ portfolio needs;
• Work across PW business functions in supporting product initiatives such as Marketing, Sales, Legal and Investor Services;

Qualifications:

In addition to 2-4 years of experience in investment banking, asset management, consulting or wealth management, the successful candidate should have:

• Strong analytical, financial and problem solving skills;
• Desire to work in a team environment across multiple geographies;
• Demonstrated ability to write effectively and strong communication and presentation skills;
• Creative, articulate and ability to effectively understand and convey complex concepts
• Superior organizational skills;
• Familiarity with financial markets, investment strategies and the relevant regulatory frameworks;
• Foreign language skills (e.g., French) a plus, but not required

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

Personal Characteristics:

The candidate should possess the following personal characteristics:

• Outstanding record of professional accomplishment
• Strong judgment and the ability to engender trust
• Integrity and maturity
• Open, flexible, collaborative, positive and proactive disposition
• “Can do” attitude, sense of urgency, diligent and conscientious work ethic
• High level of patience and emotional intelligence in order to work effectively within a demanding environment
• Striving for excellence and driven to contribute to the company’s success

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.
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