The Wall Street Journal on two BlackRock executives joining the Biden administration economic team

Wall Street bankers, and in particular those from Goldman Sachs Group Inc., have long held senior positions in the White House.  Under President-elect Joe Biden, such roles are going to executives of BlackRock Inc. 

A former Goldman executive held the Treasury secretary post in three of the last four administrations, but the firm is absent so far from the White House this time.  Instead, two executives who have worked at asset-management giant BlackRock will be the senior Wall Street representatives. 

Mr. Biden is expected this week to name BlackRock’s head of sustainable investing, Brian Deese, to run the National Economic Council, said people familiar with the matter.  Adewale “Wally” Adeyemo, a former chief of staff to BlackRock’s chief executive, was named Tuesday to be the No. 2 at the Treasury Department.

~ Dawn Lim and Gregory Zuckerman, "BlackRock Emerges as Wall Street Player in Biden Administration," The Wall Street Journal, December 1, 2020