Business

Former Treasury chief nixed BlackRock offer

Sorry, Larry Fink.

Former TšŸ§øreasury Secretary Tim Geithner passšŸƒed up a chance to work at mega-fund manager BlackRock, according to sources.

Geithner, who has landed a plum privatšŸ·e-equity gig with Warburg Pincus, opted against joining CEO Finkā€™s BlackRock ā€” with $4 trillion in assets under management ā€” because he wanted to have a more involved role with any company he ended up joining.

ā€œI donā€™t think [GeithnšŸ»er] wanted to be someoneā€™s arm candy,ā€ said one sourceį©šį©šį©šį©šį©šį©šā¤ā¤ā¤ā¤į©šā¤ā¤ā¤ā¤į©šā¤ā¤ā¤ā¤į©šš’€±į©šį©šį©š familiar with the situation.

Sources said Geithner appreciated the fact that Warburgā€™s top offiź§…cials consisted of ā€œtalented guys with no bigš“° egos.ā€

Geithner is set to join Warburg in March, where he will be president and mašŸ¦‚naging diršŸ…°ector.

One industry pląµ²ayer says the former Obama appointee, who helped engineer the marketā€™s response to the 2008 financial crisis, thinks he has room to grow at WarburgšŸ’§.

ā€œWarburg Pincus has an excellent record of pšŸ’Ÿerformance, a very compelling global strategy and an ethical reputatiošŸŒ³n of the highest regard,ā€ Geithner has commented publicly.