President Elect Joe Biden continues to appoint private equity underwriters (PEU) to key positions in his administration. Biden's CIA Director appointee is William J. Burns.
Burns has five years of PEU experience with The Blackstone Group.
Private equity growth over the last two decades contributed to income inequality. Burns is the latest greed and leverage boy to join the Biden team. Will he make the trip to Davos for the annual World Economic Forum meeting?“Bill has been one of the small group ’in the room’ dealing with most of the critical international issues of the last 20 years. His innate understanding of geopolitical risk will serve us well as we seek new investment opportunities and partners globally,” said Tony James, President and Chief Operating Officer, Blackstone. “He brings with him an impressive network of relationships built over a distinguished 33 year career and a unique perspective on the investment implications of international affairs. We are delighted to have him join the firm and we welcome him as a Senior Advisor to Blackstone.”
“I’m pleased to be joining Blackstone,” added Ambassador Burns. “I have long been impressed by their deep understanding of and approach to global business. I feel that we can both learn from one another’s experiences and knowledge and I look forward to working closely with management and their experienced investment teams.”
