On The Move

Heady to lead Blackstone A-P

Blackstone Group LP named Christopher Heady as chairman of its Asia-Pacific businesses, promoting a 16-year veteran banker who played a key role in expanding the group's real estate business in the region. Heady will continue leading the firm's Asia real estate division and be supported by Jan Nielsen, who will serve as chief operating officer for all businesses, the company said. Heady's appointment helps bolster the firm's leadership in the region and comes after it recruited Zhang Liping from Credit Suisse Group AG as chairman for China last July. The announcement of the new chairman comes about two years after Michael Chae, who oversaw Blackstone's private-equity activities in the Asia-Pacific region, returned to New York to resume his responsibility for media and communications investments. Chae had spent more than three years building the firm's business in Asia.

Jane Jiang is Alibaba's chief people officer