Blackstone Taps Deutsche Bank’s Shah for Top Private Credit Role

Blackstone Inc. has hired Apurva Shah for a top role in its private credit and insurance business in India as the alternative asset manager seeks to capture the country’s rising demand for credit.

Shah, the firm’s first hire for credit in India, will report to Mark Glengarry, head of Asia Pacific private credit strategies at Blackstone Credit & Insurance, known as BXCI, according to a spokesperson for Blackstone.

“Building our private credit capabilities in India is a natural evolution of the business,” Glengarry said in an emailed statement. “We have two decades of experience partnering with leading Indian businesses ...