Antony Leung to head up Nan Fung Group

20 November 2013   Category: News, Asia, China, Hong Kong   By Asia Asset Management

Nan Fung Group, a Hong Kong-based conglomerate with global interests in property markets and financial investments, has announced that Antony Leung, the chairman for Greater China for Blackstone, a global alternative asset manager, will become its group chief executive officer in February 2014. He will also become a senior adviser to Blackstone and a member of its international advisory board.

Commenting on the appointment, Vivien Chen, Nan Fung’s chairman said: “We are delighted that Antony has agreed to join us. Since my late father, Dr. D H Chen, founded the group in the early 1950s, we have gone from strength to strength and we have every confidence that Antony will lead us into an era of even greater growth. Antony's wealth of knowledge and experiences will prove beneficial to all parties.”

Added Stephen A Schwarzman, Blackstone’s CEO, chairman and co- founder: “I am grateful to Antony for his leadership, advice, counsel and guidance over the past seven years as Blackstone has grown in Asia. I am delighted that he will continue as an adviser both to the firm and to me personally. Today Blackstone is in a very strong position in China, with deep relationships across the firm in the Mainland and Hong Kong. Antony played a major role in helping to build these relationships, and we at Blackstone wish him all the best in the next stage of his career.”

Mr. Leung said: “Nan Fung is one of the most solid and respected business conglomerates in Asia. I am looking forward to working with the team there to drive it to new heights. It has also been a privilege to be associated with Blackstone. The firm is doing exceptionally well in Asia and China, and I am happy to continue my association with it as a senior adviser and an international advisory board member.”

Before joining Blackstone, Mr. Leung was financial secretary for Hong Kong and chairman for Asia of JPMorgan Chase.