BlackRock Inc. (BLK) has hired Sarah Bianchi, an adviser to Vice President Joe Biden, as managing director in its advisory unit, Bloomberg News reported Wednesday, citing an internal BlackRock memo.

Ms. Bianchi will report to Craig Phillips, head of the financial markets advisory group for BlackRock Solutions.

Full story at: www.bloomberg.com/news/2014-05-07/blackrock-hires-white-house-adviser-as-managing-director.html

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