Blackstone Attract Investment Bank with Good Compensation for London Operations
Blackstone Inc. has increased its staff in its London office to nearly 500 people during the Covid-19 pandemic. According to Farhad Karim, Chief Operating Officer, Europe will be the best bet in delivering investment opportunities.
What is this all about? Since March 2020, Blackstone has recruited around 200 people in London and expanded in Frankfurt, Paris, and other locations in Europe. The recruitment spree is happening when buyout firms attract deal Makers from investment banks with lucrative offers. Blackstone, KKR & Co, Carlyle Group Inc., Ares Management Corp, Apollo Global Management Inc., and others paid an average compensation of near $ 2million per employee in 2021. The average pay at the top five U.S. investment banks was $232,000 in comparison.