Who Is Rick Rieder? Trump To Interview Blackrock CIO For US Fed Chair Post
US President Donald Trump is set to interview Rick Rieder, BlackRock’s chief investment officer, as a potential successor to Jerome Powell as Federal Reserve chair.
US President Donald Trump will interview Rick Rieder, BlackRock’s chief investment officer of global fixed income, as a potential candidate to become the next chairman of the Federal Reserve. The interview is scheduled for Thursday, Jan. 15, at the White House, sources told FOX Business.
When asked on CNBC about a possible interview with Trump on Thursday, Rieder did not confirm the meeting, but said, “All I will say is, I’ve seen a bunch of the stories that have been out today in the press. They seem reasonably accurate.”
According to FOX Business, this will be the fourth and final interview of candidates to replace Federal Reserve Chairman Jerome Powell, whose term as chairman ends on May 15.
Who Is Rick Rieder?
Rick Rieder serves as Senior Managing Director at BlackRock, holding multiple roles including Chief Investment Officer of Global Fixed Income, head of the Fundamental Fixed Income business, and head of the Global Allocation Investment Team.
According to BlackRock’s website, he oversees roughly $2.4 trillion in assets, sits on BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee, and serves as Chairman of the firm-wide BlackRock Investment Council.
Rieder also holds advisory positions on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board.
From Lehman Brothers To BlackRock
Before joining BlackRock in 2009, Rieder was President and CEO of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers, where he led the Global Principal Strategies team, served as global head of credit businesses, chaired the Corporate Bond and Loan Capital Commitment Committee, and sat on the Board of Trustees for the corporate pension fund. Before Lehman Brothers, Rieder worked as a credit analyst at SunTrust Banks in Atlanta.
He has also contributed to US financial policy, serving as Vice Chairman and member of the Borrowing Committee for the US Treasury and as a member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.
Education, Philanthropy And Public Service
Rieder earned a BBA in Finance from Emory University (1983) and an MBA from The Wharton School, University of Pennsylvania (1987). He serves on the board of Emory University, its Goizueta Business School, and the University’s Finance Committee, where he is also Vice Chairman of the Investment Committee.
He founded and chairs Goizueta Business School’s BBA investment fund and the community financial literacy programme, Graduation Generation. Rieder is Chairman and President of the Board of Education for North Star Academy’s 14 charter schools in Newark, New Jersey, and serves on the Board of the BlackRock Foundation, the Hospital for Special Surgery Board of Advisors, and the Board of Big Brothers/Big Sisters of Newark and Essex County.
His past public service includes positions on the Communities in Schools Educational Foundation, the U.S. Olympic Foundation, and recognition at the Choose Success Awards (2015) for his contributions to education in Atlanta.
