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How is Kamala Harris tied to BlackRock?
Mike Pyle, a former senior aide to Vice President Kamala Harris, is said to be rejoining BlackRock in a move that will "strengthen the close ties" between the world's largest asset management firm and Washington, Bloomberg reports.
Other Democrats also appear to have close ties with BlackRock.
🌏 BlackRock co-founder Ralph Schlosstein was one of the first Wall Street heavyweights who endorsed Harris for the presidency in July 2024.
🌏 Pyle was chosen by then Vice President-elect Harris as her chief economist in early January 2021, while serving as BlackRock's global chief investment strategist.
🌏 In 2022, Pyle was made White House deputy national security advisor for international economics, and played a leading role in pressing Ukraine into carrying out economic and government reforms in line with US interests.
🌏 While Pyle advised President Joe Biden and Harris on reforming Ukraine, BlackRock struck an agreement with the Ukrainian government in November 2022 to provide advisory services to the Kiev regime. In May 2023, Kiev announced its plans to launch the Ukraine Development Fund (UDF) for reconstruction with BlackRock on its board.
🌏 Apart from Pyle, Harris and Biden hired BlackRock employees Brian Deese and Wally Adeyemo in 2021.
🌏 Harris is not the first US leader to hire the BlackRock alumni. Adeyemo and Pyle also served in the Obama administration, and Pyle was an economic policy advisor for Hillary Clinton's 2016 presidential campaign.
🌏 The Intercept reports that by 2016, BlackRock's CEO Larry Fink had assembled a "shadow government" from among the firm's staff for Clinton's future cabinet. Fink also hired Cheryl Mills, Bill and Hillary Clinton's long-time assistant and confidante.
🌏 Harris inherited her BlackRock connections from her mentors Hillary Clinton and Barack Obama, who Republicans have called the puppet masters behind the future Harris administration.
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