For Blackstone’s Martin Brand It’s All About The Data

Resting on his laurels isn't even in Martin Brand, the Blackstone investor’s vocabulary. Just as Blackstone Group was completing its $20 billion purchase of Thomas Reuters’s financial and risk unit in October, Brand was already plotting the firm’s next move. Renamed Refinitiv, Brand and his team at Blackstone knew the financial data company needed scale to justify the deal. To meet that end Brand determined the next move was to combine with a stock exchange. The target back then: the London Stock Exchange Group...