Blackstone (NYSE:BX) today announced the appointment of Gene Lockhart, former CEO and President of Mastercard and former President of the Global Retail Bank at Bank of America, as a Senior Advisor. Mr. Lockhart will bring his deep expertise in the financial services and financial technology sectors to advise across the firm’s businesses, with a focus on Blackstone Growth (BXG) and Blackstone Tactical Opportunities (BTO).
David Blitzer, Global Head of Blackstone Tactical Opportunities (BTO), said: "We’re pleased to have Gene join us as a Senior Advisor. His experience helping companies navigate the rapidly changing technological landscape across the financial sector will strongly benefit our entire team."
Jon Korngold, Global Head of Blackstone Growth (BXG), said: "Gene has a proven track record of building great teams and deploying new technologies to help financial services companies innovate. I’m thrilled he’s joining us in this advisory capacity and look forward to working closely with him."
Gene Lockhart added: "The capital and deep operating expertise Blackstone can deliver to help fast-growing financial technology companies become global leaders is extraordinary. I’m excited to assist their team and portfolio companies moving forward."
Tactical Opportunities is Blackstone's opportunistic investment platform, investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Blackstone Growth (BXG) is the firm’s dedicated Growth Equity investing platform, which is focused on providing capital to companies seeking to manage the execution risks associated with high-growth environments.
As a seasoned investor and accomplished senior executive, Gene leverages his deep experience to build great teams, and in turn, great companies. Gene is Chairman and Co-Founder of Mission OG, a financial services and technology solutions firm. He also served as president and CEO of MasterCard International, CEO of Midland Bank PLC, president of the Global Retail Bank of BankAmerica Corporation, and president of Consumer Services at AT&T. Gene has also served as a board member of many companies, including First Republic Bank, IMS Health, Cognizant, Huron Consulting, NetSpend, Argus Information, Progressive Financial, Alkami Technology, Feature Space, Factor Trust, NuBank, Metro Bank, and CLIP, amongst others. Gene earned his Bachelor of Science from the University of Virginia and his Master of Business Administration from The Darden School at the University of Virginia.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $564 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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