BlackRock is shaping next-generation leadership and hunting for deals. Here's the latest news on the largest money manager.
as US watchdogs aim to supervise non-bank financial institutions like asset managers more closely. At the same time, BlackRock is shaping the next generation of leadership.
Fink and Rob Kapito, the president and another cofounder lead the New York-based firm. BlackRock has made personnel changes and appointments in the past year that point to who may be positioned to take over once Fink and Kapito leave. For a window into BlackRock's workforce, powerful executives, dealmaking, and more, here is Insider's latest reporting on BlackRock.
Do you have a tip about BlackRock? Contact this reporter at [email protected], [email protected], or at 768-4711 using a non-work phone.Managers typically charge far higher fees to oversee private-markets assets for clients than the traditional stock and bond funds that BlackRock is best known for, and clients' appetite for those assets is growing. to double the revenue that its private markets business generates, and it's on the hunt for deals to make that happen.
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