Larry Fink
| Larry Fink link (Billionaire, banker) | |
|---|---|
| File:Laurence D. Fink.jpg | |
| Born | Laurence Douglas Fink November 2, 1952 Los Angeles |
| Nationality | US |
| Ethnicity | Jewish |
| Alma mater | UCLA |
| Children | 3 |
| Spouse | Lori Weider |
| Interests | finance |
CEO of the largest money-management firm in the world, a WEF trustee | |
Laurence Douglas "Larry" Fink is the chairman and CEO of BlackRock,the largest money-management firm in the world with more than $6.5 trillion in assets under management.
Career
Fink started his career in 1976 at First Boston, a New York-based investment bank. 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. At First Boston, Fink was a member of the Management Committee and a Managing Director.
BlackRock
In 1988, under the corporate umbrella of The Blackstone Group, Fink co-founded BlackRock and became its Director and CEO. When BlackRock split from Blackstone in 1994, Fink retained his positions, which he continued to hold after BlackRock became more independent in 1998.
Donald Trump
In December 2016, Fink joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues. He has a personal fortune of more than $1 billion.
Keir Starmer
On 21 November 2024, Larry Fink and senior BlackRock executives attended an investment roundtable discussion hosted by Keir Starmer and Rachel Reeves at 10 Downing Street. The meeting stemmed from a letter sent by BlackRock executive Anthony Manchester to newly appointed Business and Trade Secretary Jonathan Reynolds in July 2024. The letter began by highlighting BlackRock’s broad range of clientele and the scale of their footprint across the breadth of the UK economy, name dropping British Airways, Rolls Royce and AstraZeneca as investments. It continued:
- “As you know, we also share the Government’s view that infrastructure investment can play a critical role in improving economic growth and productivity. We believe infrastructure is poised to become one of the fastest-growing segments in private markets globally. As our Chairman and CEO Larry Fink has recently written, private capital market financing, combined with policy pragmatism, are necessary to meet countries’ infrastructure needs and thereby enhance economic growth and productivity.
- “We would welcome the opportunity to meet with you to discuss our work on funding the projects and enterprises that drive the economy and building the UK’s case as an investment destination. We will work with your team to get this meeting in the diary."
Cutting through the corporate glaze, BlackRock is highlighting that Labour’s entire political project rests on the willingness of companies like BlackRock to plough private capital into the foundational components of our society (and extracting massive profits in the process).[1]
References
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