11/25/2023 0 Comments Blackrock laurence d fink![]() ![]() The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also provides global risk management and advisory services. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. Fink earned an MBA with a concentration in real estate from the University of California at Los Angeles (UCLA) in 1976 and a BA in political science from UCLA in 1974.īlackRock, Inc. 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. Fink has been named one of the "World's Greatest Leaders" by Fortune, and Barron's has named him one of the "World's Best CEOs" for 14 consecutive years. ![]() BlackRock’s mission is to help investors 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, the firm has grown into a global leader in investment and technology solutions. Fink is Founder, Chairman and Chief Executive Officer of BlackRock. Joshua, the eldest son, is chief executive officer of Enso Capital, a hedge fund in which Fink owns a stake. ![]() He also co-chairs the NYU Langone Medical Center board of trustees and is a trustee of the Boys' Club of New York. Fink's longstanding relationships with senior government officials have led to questions about potential conflict of interest regarding government contracts awarded without competitive bidding.īy 2012, BlackRock had $3.5 trillion under management, with 10,000 professionals in 27 countries.įink serves on the board of trustees of New York University, where he holds various chairmanships including chair of the Financial Affairs Committee. He was successful at the bank until 1986, when his department lost $100 million due to his incorrect prediction about where interest rates were headed. At First Boston, Fink was a member of the Management Committee, a Managing Director, and co-head of the Taxable Fixed Income Division he also started the Financial Futures and Options Department, and headed the Mortgage and Real Estate Products Group.įink added as much as $1 billion to First Boston’s bottom line. ![]() Eventually taking charge of First Boston's bond department, Fink was instrumental in the creation and development of the mortgage-backed security market in the United States. Laurence Douglas "Larry" Fink (born 1952) BlackRock is the largest money-management firm in the world by assets under management.įink grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store.įink started his career in 1976 at First Boston, a large New York-based investment bank. ![]()
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