Blackstone Chairman and CEO to Begin Role in 2016; Will Serve as Co-Chair Along With James Gorman, Chairman & CEO of Morgan Stanley
Philippe Dauman, President and CEO of Viacom and outgoing co-chair of the Partnership for New York City, today announced that Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone, will succeed him as co-chair of the Partnership beginning in 2016. Schwarzman will join James Gorman, Chairman and CEO of Morgan Stanley, who is currently in the first year of his two-year term as co-chair.
“Having built a global business based in New York City, I appreciate the importance of cooperation among business, government and the civic sector, who all must work together to attract and develop great talent, maintain the city’s competitiveness and keep this a city of opportunity for all,” said Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone. “It is an honor to have been asked to advance the mission of the Partnership.”
“Steve is a an extraordinary leader who is as accomplished in the business world as he is in his dedication to important philanthropic and civic causes. He cares deeply about the issues impacting New York and is exactly the right person to lead the Partnership’s efforts to ensure our city remains a place where businesses can grow and thrive,” said Philippe Dauman, President and CEO of Viacom. “It has been a privilege and a pleasure to work with James Gorman and my former Co-Chair Larry Fink in leading the Partnership and I look forward to the important progress that Steve, James and the organization will accomplish in the years ahead.”
“Steve is one of the city’s most thoughtful and generous business entrepreneurs and we are fortunate that his vision will help guide our work over the next two years,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “He is a fitting successor toPhilippe Dauman, who played a critical role in helping the Partnership successfully navigate through mayoral transition and a period of significant political and economic change.”
Schwarzman has been a member of the Partnership for New York City since 2001, has served on the Partnership’s Board since 2002, and has served on its Executive Committee since 2015. In addition, Blackstone was a founding investor in the Partnership Fund and Schwarzman was a Partnership Fund Board Member from 1998-2012.
About the Partnership for New York City:
The Partnership for New York City (www.pfnyc.org) engages the CEOs of the city’s largest employers in efforts to advance the New York City economy and maintain the city’s position as the center of world commerce, finance and innovation. Through the Partnership Fund for New York City, the Partnership supports promising NYC-based entrepreneurs in both the for-profit and non-profit sectors to create jobs, spur new business and expand opportunities for New Yorkers to participate in the city’s economy.
About Stephen A. Schwarzman:
Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone. Mr. Schwarzman has been involved in all phases of the firm’s development since its founding in 1985. The firm is a leading global asset manager with $334 billion Assets Under Management (as of September 30, 2015).
Mr. Schwarzman is an active philanthropist with a history of supporting education and schools. Whether in business or in philanthropy, he has always attempted to tackle big problems and find transformative solutions. In 2015, Mr. Schwarzman donated $150 million to Yale University to establish the Schwarzman Center, a first-of-its-kind campus center in Yale’s historic “Commons” building. In 2013, he founded an international scholarship program, “Schwarzman Scholars,” at Tsinghua University in Beijing to educate future leaders about China. At $450 million, the program is modeled on the Rhodes Scholarship and is the single largest philanthropic effort in China’s history coming largely from international donors. In 2007, Mr. Schwarzman donated $100 million to the New York Public Library on whose board he serves.
Mr. Schwarzman is a member of The Council on Foreign Relations, The Business Council, The Business Roundtable, and The International Business Council of the World Economic Forum. He serves on the boards of The Asia Society, The Board of Directors of The New York City Partnership and The Advisory Board of the School of Economics and Management at Tsinghua University, Beijing. He is a Trustee of The Frick Collection in New York City and Chairman Emeritus of the Board of Directors of The John F. Kennedy Center for the Performing Arts. In 2007, Mr. Schwarzman was included in TIME’s “100 Most Influential People.” Mr. Schwarzman was awarded the Légion d’Honneur of France in 2007 and promoted to Officier in 2010.
Mr. Schwarzman holds a B.A. from Yale University and an M.B.A. from Harvard Business School. He has served as an adjunct professor at the Yale School of Management and on the Harvard Business School Board of Dean’s Advisors. In 2012, he was awarded an Honorary Degree from Quinnipiac University.