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TOP STORY: Steve Schwarzman, the chief executive officer of private equity giant Blackstone earned around $1.26 billion in pay and dividends in 2022, according to a report by Reuters.

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KKR has promoted Pete Stavros and Nate Taylor to global co-heads of the firm’s private equity business. The pair, who have served as KKR’s co-heads of private equity in the Americas since 2019, will now also take on responsibility for the firm’s PE businesses in Asia and Europe.

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Deutsche Fussball Liga the governing body of German football, is planning to kick off the sale of a stake in the Bundesliga’s media rights business next month, with several private equity firms including Blackstone and Advent interested in bidding, according to a report by Reuters.

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The Abu Dhabi Investment Authority is one of several investors considering making a bid to acquire a 34% stake in the UK’s largest port operator, Associated British Ports (ABP), from the Canada Pension Plan Investment Board, according to a report by Bloomberg.

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IQ-EQ has appointed Matthew Abbott to the newly created role of global head of sales operations as the investor services group expands its commercial leadership team. Abbot has over 20 years’ industry experience spanning investor and asset servicing and wealth management.  Prior to joining IQ-EQ, Abbott was Director and Global Head of Sales & Client Enablement for HSBC Securities Services, where he was tasked with delivering executive management support and sales optimisation initiatives. He has also held director-level positions with RBC Wealth Management International and RBC Investor & Treasury Services.    In his new role, Abbott will be based in

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Harris Williams, a global investment bank specialising in mergers and acquisitions advisory services, has appointed Martin Keck as a managing director in the Technology Group. Keck will be based in the firm’s Boston office. Keck was most recently a managing director at Needham & Company and brings nearly 20 years of advisory experience to Harris Williams, including sector-specific expertise across education technology, HR and talent technology, and non-profit software. Prior to joining Needham, Keck held roles at Expedia, Inc, Bain & Company, and Silver Lake Partners. He earned an MBA from the Tuck School of Business at Dartmouth and a

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ORIX Corporation USA has made two senior investor solutions hires within its asset management business as the firm continues to strengthen distribution capabilities for its integrated private markets product offering for broad middle-market focused private credit, real estate and private equity offerings.

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Paradigm Governance Partners, a governance and financial services firm with a presence in the Cayman Islands and New York, has added two experienced independent directors to its growing governance team.

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Global funds services and solutions provider Ocorian has appointed Paul Spendiff as head of business development, global funds as it continues to expand its support for international fund managers.  

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Warburg Pincus has joined a growing list of investment firms looking to target local currency investment opportunities in China through its first ever yuan-denominated fund, which is targeting a RMB3 billion ($439 million) fundraise, according to a report by Reuters.

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