Joe Biden’s supporters in the business, Democrats as well as some Republicans, are satisfied and in some cases jubilant as he starts filling his White House and other posts, even though he hasn’t given key perches to billionaires or financial titans such as JPMorgan Chase & Co.’s Jamie Dimon or BlackRock Inc. co-founder Larry Fink.
The Biden team is poised to include alumni of finance, venture capital, private equity and asset management. And Janet Yellen, who would be the to run the Treasury, is seen as a consensus pick. That’s enough to placate the finance industry, according to interviews with executives and billionaires.“Everybody I’ve talked to, including people on Wall Street, seem very delighted with the selections,” said Bruce Heyman, a former partner at Goldman Sachs Group Inc. “Nobody has said to me that this is really disappointing. In fact, it’s the opposite. They’ve just said, ‘This is great.
Heyman, who was President Barack Obama’s ambassador to Canada and bundled donations for Biden, said he was less concerned with an official’s Wall Street ties than competence and experience. “The markets have told you how they