Blackstone Group is betting on Miami to build out its technology team, with hiring underway for newly leased office space in Florida’s second-largest city.
The alternative asset manager expects staff will begin moving into the new office this summer and is aiming to hire around 200 professionals, John Stecher, Blackstone’s chief technology officer, said in a phone interview. The team will help develop and strengthen Blackstone’s internal tech, he said, including apps for clients to engage in analytics and cybersecurity to protect their money.
New York-based Blackstone is the world’s largest private equity firm, investing on behalf of institutional investors such as pensions, endowments, foundations, and sovereign wealth funds. Stecher, who joined the firm in February after serving as CTO and chief innovation officer at Barclays, said Blackstone already employs around 400 tech professionals in New York and India.