New York-based asset manager BlackRock has named Sarah Bianchi as the managing director in its advisory unit, which enables governments’ value assets and banks to meet new regulations.
Bianchi, who will report to Craig Phillips, head of the financial markets advisory group for BlackRock Solution, will be based in Washington.
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Prior to accepting the current role, she was working as an economic adviser for White House, Bloomberg News reported citing an internal BlackRock memo.
While working at White House, she served as director of economic and domestic policy for US Vice President Joe Biden and as deputy assistant to President Barack Obama for economic policy since 2011.
"Sarah Bianchi has been an invaluable economic policy advisor for me and the President for the past few years — crafting policies from housing to taxes and budget and stepping in to help guide the implementation of the Affordable Care Act last fall," the publication reported citing an e-mailed message of Biden.
BlackRock, which manages $4.4tn in assets, said that the advisory business is becoming stronger as it assists financial organizations to steer through the regulatory scenario.
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