Joe Biden's White House team delights his supporters on Wall Street

The Biden team is poised to include alumni of finance, venture capital, private equity and asset management

Wall Street has spent years wondering how closely the next Democrat to occupy the White House would listen to the industry. As President-elect Joe Biden builds his administration, the reaction across the financial landscape is relief.

Biden’s supporters in the business, Democrats as well as some Republicans, are satisfied and in some cases jubilant as he starts filling his White House and other posts, even though he hasn’t given key perches to billionaires or financial titans such as JPMorgan Chase & Co.’s Jamie Dimon or BlackRock Inc. co-founder Larry Fink.

The Biden team is poised to include alumni of finance, venture capital,