The Wall Street Journal: Stanley Fischer, appointed to the Fed by Obama in 2014, joins BlackRock [MarketWatch]
BlackRock, Inc. (BLK)
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Source: MarketWatch
Stanley Fischer, appointed to the Fed by Obama in 2014, joins BlackRock Former Federal Reserve Vice Chairman Stanley Fischer will join BlackRock Inc. BLK, +1.03% as a senior adviser, the asset manager said Wednesday. Mr. Fischer is joining the BlackRock Investment Institute, the investment analysis division of the world’s largest asset manager. Mr. Fischer’s appointment will “help us discern the trends, identify the inflection points and understand the interlocking intricacy of assets, markets and economies,” said BlackRock executives Laurence Fink and Philipp Hildebrand in a company memo announcing Mr. Fischer’s hiring on Wednesday. In 2014, President Barack Obama tapped Mr. Fischer, a luminary in central banking who previously served as the head of the Bank of Israel, to serve as the Fed’s No. 2 official. He resigned his four-year term for personal reasons in Oct. 2017. An expanded version of this story appears on WSJ.com
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