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Biden Ties to BlackRock Deepen With Latest Treasury Hire

  • Former executive Eric Van Nostrand joins Treasury Department
  • BlackRock is becoming one of Wall Street’s key D.C. conduits

Another BlackRock Inc. executive is joining the Biden administration, adding to the close ties between the Wall Street heavyweight and the seat of power in Washington.

Eric Van Nostrand, a BlackRock managing director who was head of research for sustainable investments and multi-asset strategies, is exiting to join the Treasury Department. He will be a senior adviser on economic issues tied to Russia and Ukraine and will report to Ben Harris, assistant Secretary of Treasury for economic policy, a person familiar with the matter said. He starts on Monday.