Key Takeaways
- • Blackstone Inc. has opened a new global capability center in Bengaluru, India, to support its operations worldwide.
- • Susan Yung, a senior managing director on Blackstone's Credit & Insurance Investment Operations team, will oversee the Bengaluru center and has relocated there.
- • Bengaluru, often called the Silicon Valley of India, is home to a dense cluster of the country's technology startups.
- • The announcement was made by Blackstone in a firm statement, as reported by Bloomberg.
Summary
Blackstone Inc. has expanded its presence in India with the opening of a new office designed to support the firm's operations around the world, according to Bloomberg. The facility is structured as a global capability center, a model in which multinational firms consolidate back-office, operational, and technology functions in a lower-cost hub while serving the parent organization across regions.
The center is located in Bengaluru, known as the Silicon Valley of India, where many of the country's technology startups are clustered. The city's deep talent pool in technology and engineering has made it a common destination for global financial firms establishing operational support functions.
Susan Yung, a senior managing director on Blackstone's Credit & Insurance Investment Operations team, will oversee the center's operations. Blackstone said in a statement that Yung has relocated to Bengaluru to lead the effort. The primary source does not disclose headcount, investment size, or a timeline for the center's full buildout.
The move reflects the continued expansion of alternative asset managers' operational infrastructure outside traditional financial hubs, and places a senior operations leader from Blackstone's credit and insurance business directly in India.
The center is located in Bengaluru, known as the Silicon Valley of India, where many of the country's technology startups are clustered. The city's deep talent pool in technology and engineering has made it a common destination for global financial firms establishing operational support functions.
Susan Yung, a senior managing director on Blackstone's Credit & Insurance Investment Operations team, will oversee the center's operations. Blackstone said in a statement that Yung has relocated to Bengaluru to lead the effort. The primary source does not disclose headcount, investment size, or a timeline for the center's full buildout.
The move reflects the continued expansion of alternative asset managers' operational infrastructure outside traditional financial hubs, and places a senior operations leader from Blackstone's credit and insurance business directly in India.
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