By Isla Binnie

NEW YORK (Reuters) -Blackstone has appointed a former executive at private markets peer Apollo to head its European corporate private equity business, filling the role after the incumbent was promoted, the world’s biggest alternative asset manager said on Monday.

Michele Raba will take charge in a region where Blackstone manages more than $350 billion in assets and thinks it could invest more than $500 billion over the next decade.

Blackstone’s Global Head of Private Equity Strategies Joseph Baratta said in a statement: “Europe is core to our private equity business, and we are excited about the opportunity to drive continued growth in the region that builds on our strong foundations and local presence.”

The firm’s European private equity business has been run since 2012

See Full Page