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Blackstone UK chairman resigns

David Verey has stepped back to an advisory role at the US investment and advisory group to free himself up from potential conflicts.

The Blackstone Group’s David Verey has resigned from the role of UK chairman, although he told PEO he will continue to be a senior advisor at the firm.

David Verey:
leaves Blackstone
UK chairman post 

Verey stepped down as chairman of Lazard Brothers in 2001, before joining Blackstone. His resignation from the UK chairmanship at Blackstone was amicable and the firm will not be seeking a replacement for the position, the firm’s spokeswoman said.

Verey said: “I would be keen to find an executive position. They’re great guys at Blackstone and I’ve been there five years, I’m just keen to move on.” He said that, had he retained the role, it may have been felt by organisations looking to fill an executive role that he would have had a conflict of interest. 

Verey is presently chairman of the Art Fund, a charitable art foundation, and is a former chairman of the Tate, the UK art trust which runs the famous UK galleries.