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Stephen A. Schwarzman and Barry O'Byrne

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Stephen A. Schwarzman and Barry O'Byrne

by Barry O'Byrne, CEO, HSBC International Wealth and Premier Banking & Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone
Jun 30, 2026

How can investors stay resilient when markets shift while keeping long-term goals firmly in view? 

Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone, shares the guiding principle behind his investment approach. He explains how rigorous stress-testing of assumptions and a disciplined focus on downside risk can help investors navigate uncertainty. He also outlines how long-term, theme-led investing can cut through short-term volatility, pointing to Blackstone’s early conviction in AI since 2015 and its investments in data centres and power infrastructure. 

Together, Barry O'Byrne, CEO of International Wealth and Premier Banking at HSBC and Stephen A. Schwarzman discuss why expanding access to private markets matters, particularly given that around 90% of companies remain privately held.

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Watch the full conversation between our CEO of International Wealth and Premier Banking, Barry O'Byrne and Chairman, CEO and Co-founder of Blackstone, Stephen A. Schwarzman.

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