Salem Radio Network News Thursday, June 17, 2021

Business

BlackRock’s Fink says has no plans to leave, but firm in “good hands”

NEW YORK (Reuters) – BlackRock Inc’s chief executive Larry Fink told investors at the asset manager’s investor day on Thursday that he has no plans to leave the firm anytime soon, but is confident that when he does it will be “in good hands.”

Fink, who is chairman and chief executive, founded BlackRock in 1988 along with seven partners, according to the firm’s website https://www.blackrock.com/corporate/about-us/leadership/larry-fink.

BlackRock executives also detailed during the presentation the firm’s push into private market investments, which recorded 18% revenue growth for the company last year.

(Reporting by Kate Duguid; Editing by Chizu Nomiyama)

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