Leung is Asia' top chemicals power player - ICIS

03 December 2007 01:00  [Source: ICIS news]

SINGAPORE (ICIS news)--Antony Leung, chairman of Blackstone Greater China, and board member of China National Bluestar, is the leading Asia-based power player in chemicals according to ICIS.

Leung, placed in the number three slot of the ICIS Top 40 Power Players listing for 2007 published on Monday, was behind the Chinese government’s $3bn (€2bn) investment in US private equity firm Blackstone.

He also succeeded in buying a 20% stake in China National Bluestar, at a time when acquisitions in state-owned companies stalled in the wake of complaints from some Chinese officials that they were sold too cheaply.

The 55-year-old former Hong Kong financial secretary Leung started his banking career with Citigroup, formerly Citicorp, and worked as a currency trader for 23 years.

Saudi Basic Industries Corp (SABIC) vice-chairman and CEO Mohamed al-Mady heads the ICIS Top 40 Power Players this year, with Access Industries owner and chairman Len Blavatnik at number two.

Other Asia-based executives in the listing include Reliance Industries chairman and managing director Mukesh Ambani, Pan Hue, deputy minister of the State Environment and Protection Administration (SEPA) and face for China’s environment watchdog, and Wu Yi, China’s vice-premier and the country’s top troubleshooter.

By: Staff Reporter
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