Blackstone,Revolut in talks to collaborate on wealth management – report [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
According to people familiar with the negotiations, the proposed partnership is said to allow clients of Revolut's upcoming private banking service to access Blackstone's investment funds. Bloomberg recently reported that Revolut is planning to establish a private markets team to expand its wealth management services. It is looking to recruit junior investment bankers, asset managers, and private capital advisers to support the development of private-market investment offerings. According to its job listing, the role involves establishing connections with fund managers across the private capital ecosystem. The company is also looking to hire a private banker in the UK to manage and support relationships with high-net-worth individuals worldwide. A potential agreement between Revolut and Blackstone would represent a significant move by private capital firms to access high-net-worth clients, while aiming to diversify their funding sources, the report said. Blackstone has al
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