banks, including JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, and Wells Fargo. Specifically, BlackRock is one of the top shareholders in all major U.S. corporations, and one of the largest shareholders in companies around the world, from Canada to Brazil, Germany, Japan, China and beyond. It’s safe to say that BlackRock is the single largest financial institution in the world: a vast holding company that has become a major shareholder in roughly 40% of all publicly traded companies in the U.S., the largest single shareholder in one out of every five U.S. Yet when one includes assets that the company not only manages, but advises upon, the number soars to around $15 trillion, roughly equal to U.S. In fact, only China and the United States have a larger GDP than BlackRock has assets under management. It manages more wealth than Japan and Germany have in GDP. It operates virtually unregulated, often in the background, yet there is scarcely a company, country or region of the planet that this, the world’s largest asset management firm, does not touch or influence.Īt a mere 27 years of age, BlackRock manages $4.5 trillion in assets, making it the single largest investor on Earth. But it advises or owns such institutions. Fink earned an MBA from the University of California at Los Angeles (UCLA) in 1976 and a BA from UCLA in 1974.It’s not a bank, nor an insurance company, central bank, finance ministry or sovereign wealth fund. any other investment company in the world. ![]() BlackRock's mission is to help our clients build better financial futures and the firm is trusted to manage more money than. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions. ![]() Fink is Chairman and Chief Executive Officer of BlackRock. Fink earned an MBA from the University of California at Los Angeles (UCLA) in 1976 and a BA from UCLA in 1974. He also serves on the Advisory Board of the Tsinghua University School of Economics and Management in Beijing and on the Executive Committee of the Partnership for New York City. In addition, he serves on the boards of the Museum of Modern Art, the Council on Foreign Relations and the International Rescue Committee. He serves as a member of the Board of Trustees of New York University (NYU) and the World Economic Forum, and is Co-Chairman of the NYU Langone Medical Center Board of Trustees. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation. BlackRock's mission is to help our clients build better financial futures and the firm is trusted to manage more money than any other investment company in the world. He and seven partners founded BlackRock in 1988, and under his leadership, t he firm has grown into a global leader in investment and technology solutions. Larry Fink Chairman & Chief Executive Officer at BlackRock
0 Comments
Leave a Reply. |