Blackstone taps Merrill Lynch exec as CFO(3)

The private equity firm has hired Merrill chief operating officer Laurence Tosi to replace long-time partner Michael Puglisi, who will stay on as a senior managing director.

The Blackstone Group has tapped Merrill Lynch executive Laurence Tosi as chief financial officer, replacing long-time finance chief Michael Puglisi.

Tosi, chief operating officer for Merrill Lynch’s global markets and investment banking group, will assume his post at Blackstone in August or September and will serve as a member of the firm’s executive committee.