Office address: 40 East 52nd Street New York, NY 10022 USA
Website: www.blackrock.com/corporate
Year established: 1988
Company type: asset management, technology provider
Employees: 18,400
Expertise: finance
Parent company: N.A.
CEO and key people: Larry Fink, CEO and Chair
Financing Status: N.A.
BlackRock Asset Management is the largest asset manager in the world and the first to reach US$10 trillion in assets. As one of the world's most respected asset management firms, BlackRock has been providing innovative financial solutions to its clients for 35 years.
Founded in 1988, BlackRock has its roots in New York City. The company's humble beginnings started as a fixed-income asset management firm, quickly expanding its expertise and influence within the financial services sector. By the early 1990s, BlackRock had solidified its reputation as a leader in risk management and investment solutions.
BlackRock is widely known for its pioneering role in developing the Exchange-Traded Fund (ETF) market. The iShares series of ETFs offers investors a diverse range of options, spanning various asset classes and geographic regions.
Some of BlackRock’s other products and services include:
BlackRock states its purpose as “helping more and more people experience financial well-being.” This lies at the heart of the corporate culture at BlackRock. The company values its employees' expertise and encourages a collaborative work environment to deliver exceptional results. Their team works together – no silos, as BlackRock says – with the end goal of prioritizing their clients’ needs.
Larry Fink is a visionary leader in the financial world. Under his guidance, BlackRock has transformed into a globally recognized investment management powerhouse. He has been Chairman of the Board since 2019.
Fink's expertise in risk management and forward-thinking approach have earned him respect throughout the industry. (There is a reason industry insiders call him “The King of Wall Street.”) His commitment to long-term sustainable investing has played a pivotal role in promoting ESG principles and impacting positive change.
As we look ahead, BlackRock Asset Management shows no signs of slowing down. With a commitment to constant innovation and adaptability, the company continues to explore new frontiers in the financial services industry. BlackRock's focus on technology-driven solutions and sustainable investing ensures its relevance and leadership in a rapidly evolving global market.
New ETF Series launched, tapping bank's fixed income expertise
But which funds were driving fundraising?
The new portfolios provide diversification across global stocks and bonds
Investment giant adds options to its suite of strategies with exposure to equities, bonds, and thematic trends
New BlackRock-backed investment products offer diversified asset-allocation solutions for parents to use in RESP accounts
Canadians who are US taxpayers or who seek a well-diversified portfolio for their US funds can benefit from the product suites
Despite the pandemic, Canada's top funds increased average and aggregate fundraising totals compared to 2019
New offerings include Canadian ESG mandates and U.S. investment-grade corporate bond funds
Canadian ETF industry veteran Greg Walker joins Big Six bank firm in newly created role
Firm strengthens commitment to high-net-worth clients with discretionary model offerings and new private pools
