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Exclusive: Blackstone hires Merrill Lynch's Deann Morgan

October 30, 2013: 1:12 PM ET

DMorganDeann Morgan joins Blackstone, after 14 years at Merrill Lynch.

FORTUNE -- The Blackstone Group (BX) has hired longtime Merrill Lynch banker Deann Morgan, Fortune has learned.

She will serve as a managing director at Blackstone, focused on product development for the firm's wealth management group. That basically means she will help develop products and relationships for third-party wealth managers (namely banks), which would help Blackstone secure high-net-worth investors for its many funds.

Morgan had spent the past 14 years with Merrill Lynch, first as an investment banker and then as head of alternative investments origination. In that role, she was responsible for the origination of hedge funds, private equity, managed futures and real assets accross the entire Bank of America Merrill Lynch (BAC) platform.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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