By Blake Wolf, OAN Staff
Monday, September 16, 2024 12:00 p.m.
Mike Pyle, a former economic adviser to President Joe Biden, is returning to BlackRock, the controversial multi-trillion dollar investment firm.
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Pyle will return as deputy head of the portfolio management group. Reuters.
Pyle, who has informally advised Harris' presidential campaign on economic policy, is returning to the investment firm to strengthen BlackRock's close ties with Washington, D.C.
Pyle also worked in the Biden administration, serving as vice national security adviser for international economic affairs and as a negotiator for the G7, G20 and APEC summits, but his role ended in February, prompting his return.
“Mike brings an unmatched combination of markets, economics and geopolitics experience as we navigate this environment and focus on the significant opportunities ahead,” said Rich Kushell, head of BlackRock's portfolio management group.
The firm, led by Larry Fink, has opened doors for policymakers seeking careers outside politics and given BlackRock more influence over policy, drawing criticism from Republican lawmakers over the firm's influence over environmental and social investments.
Pyle worked in portfolio management for BlackRock's global tactical asset allocation team from 2014 to 2021, before joining the Biden administration.
Prior to joining BlackRock as an asset manager, Pyle worked in international and domestic economic policy at the White House and the U.S. Treasury Department under President Barack Obama.
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