Paul Costello was named Blackstone Group’s non-executive chairman for Australia and New Zealand, according to a Blackstone news release.
Mr. Costello most recently was general manager of Australia’s A$75 billion (US$76.8 billion) Future Fund, Melbourne. He resigned from that post on Nov. 30, 2010.
He will report directly to Blackstone President and COO Tony James and Blackstone’s senior managing director and head of private equity in Asia-Pacific, Michael Chae.
Neither Blackstone spokesman Peter Rose nor Future Fund spokesman Will Hetherton could be reached for comment by press time.