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Blackstone names chief administrative officer

Blackstone Group Inc. appointed Vik Sawhney its first chief administrative officer and global head of investor relations and business development, effective Jan. 1, 2020.

Sawhney will be succeeded by Robert Ramsauer as COO of Blackstone's private equity business. Ramsauer, who is a senior managing director of the firm's private equity business in London, will move to New York for the new role.