Peter Peterson, 80, co-founder and senior chairman of Blackstone, is to retire from the private equity firm by the end of next year.

He has also been chairman of the Federal Reserve from 2000 to 2004 and prior to co-founding Blackstone was chairman and chief executive of Lehman Brothers from 1973 to 1984.

James Mawson

Blackstone

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Co-founder Peterson to retire

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