The fact that BlackRock’s $12.5 billion purchase of Global Infrastructure Partners shook up a corporate boardroom isn’t entirely shocking. But what if that C-suite is the one belonging to Goldman Sachs?
Adebayo Ogunlesi, GIP’s founder, chairman, and CEO, is joining BlackRock, along with four other GIP founding partners. (Of GIP's six founders, only Bill Woodburn, who oversees the firm's operating team, is not moving over. He is retiring, a spokesperson said.) Ogunlesi also plans to join the BlackRock board after the deal closes, likely in the third quarter.
