Schwarzman leading Trump advisory group

The Blackstone co-founder is chairing the ‘President’s Strategic and Policy Forum,’ a 16-member group of business leaders who will advise the President-elect.

Steve Schwarzman is leading a group of executives who will advise President-elect Donald Trump on the intersection of government policy and the economy, according to a Friday announcement.

The Blackstone co-founder and chief executive is chairing the ‘President’s Strategic and Policy Forum,’ a 16-member group of leaders that includes Jamie Dimon, global bank JPMorgan’s CEO, and Larry Fink, alternative investment manager BlackRock’s CEO.

The group will meet frequently with Trump to share their specific experience and knowledge on economic growth, job creation and productivity as the president implements his plan to bring back jobs to the US.

“It was an honor to be asked to chair the President's Strategic and Policy Forum,” said Schwarzman. “President-elect Trump has convened some of the business world’s most thoughtful leaders to help ensure he continues to tap into America's vibrant private sector for its unique knowledge and expertise as he works to strengthen America’s economy.”

The group’s first meeting will take place at the White House during the first week of February.

“This forum brings together CEOs and business leaders who know what it takes to create jobs and drive economic growth,” Trump said in Friday’s statement. “My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating and expanding right here in America.”

Other members of the group include Mary Barra, chairman and chief executive of General Motors; Bob Iger, chairman and CEO of Walt Disney; Doug McMillon, president and CEO of Wal-Mart Stores; Jack Welch, former chairman and CEO of General Electric; and Adebayo Ogunlesi, chairman of Global Infrastructure Partners.

Schwarzman did not donate to either Trump or his Democratic rival, Hillary Clinton, according to filings with the Federal Election Commission. He contributed to 12 Republican Congressional campaigns in 2016, as well as the National Republican Senatorial Committee.

Trump drew criticism from some of the business community for his economic policies on the campaign trail, which included reducing the regulatory framework on the financial system, adding trade tariffs and withdrawing from trade pacts such as the North America Free Trade Agreement.