In other People Moves, Wells Fargo Securities adds to research staff, and Standard Chartered fills key posts for the Americas.
Blackstone Names Head of Infrastructure Portfolio Asset Management
Blackstone reports that Stephen R. Bolze, former president and CEO of General Electric’s power business, will join as a senior managing director and head of portfolio operations and asset management for its newly launched dedicated infrastructure business.
Bolze, who will join Blackstone in October, will “partner with portfolio company CEOs to drive key value creation initiatives throughout [Blackstone’s]
Stephen R. Bolze, senior MD, head of portfolio operations & asset management for infrastructure, Blackstone
infrastructure companies,” according to a statement. He will report to Sean Klimczak, senior managing director and global head of the infrastructure business.
Blackstone unveiled its new infrastructure investment vehicle earlier this year with an “anchor $20 billion commitment by the Public Investment Fund of Saudi Arabia,” according to the statement.
“Blackstone anticipates that, over time, the program will have $40 billion in total equity commitments in a permanent capital vehicle, including $20 billion to be raised from other investors,” officials say. “Overall, through the equity in this vehicle and additional debt financing, Blackstone expects to invest in more than $100 billion of infrastructure projects, principally in the United States.”
At G.E., Bolze “oversaw major acquisitions, including the $14 billion acquisition of Alstom Power & Grid — the largest industrial acquisition in GE history,” according to a Blackstone statement.
“Across our investment strategies, infrastructure investing has been one of Blackstone’s most successful and active areas,” Stephen A. Schwarzman, chairman, CEO and co-founder of Blackstone, says in a statement. “We believe that these investments will play a vital role in helping the United States rebuild its aging infrastructure.”
Blackstone tallies more than $370 billion in assets under management (AUM), including “investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds.”
Wells Fargo Securities Hires Analyst from Evercore ISI
Wells Fargo Securities, Wells Fargo’s investment banking and capital markets business, reports that internet analyst Ken Sena has joined the global research, economics and strategy division as managing director and head of internet equity research.
Ken Sena, MD & head of Internet equity research, Wells Fargo Securities
Sena will be based in New York and report to Sam Pearlstein and Todd Wickwire, equity research’s co-heads.
Sena will be working “in close partnership” with Peter Stabler, Internet and advertising analyst, who will continue to provide industry and research insights, “particularly around the digitizing media and advertising landscape,” according to a statement.
He joins Wells Fargo after seven years heading the internet equity research effort at Evercore ISI, according to the statement, which notes also that, prior to Evercore, he worked at Credit Suisse and Bear Stearns, where he began his career in research in 2007.
Wells Fargo & Company, founded in 1852 and headquartered in San Francisco, tallies $1.9 trillion in assets.
Standard Chartered Appoints Heads of Americas’ Financial Markets Business
Standard Chartered Bank has appointed Jens Andersen and Molly Duffy as co-heads, financial markets, Americas.
They report to Chris Allington, regional head, financial markets, Europe and Americas, and Torry Berntsen, CEO, Americas and regional head, 
corporate and institutional banking, Americas. Andersen is also head of trading, FX rates and credit, while Duffy is also head, financial markets sales, Americas, according to the bank’s statement.
Both Andersen and Duffy joined the bank this year. Andersen was managing a portfolio at Element Capital in New York before joining, officials say. Duffy is from Credit Suisse, according to Standard Chartered, which tallies around 80,000 employees and has a 150-year history.
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