LARRY Fink

Industry Leaders - - Cover Story -

Ti­tle: Founder and CEO, Black­rock Coun­try: US Age: 63

Larry Fink is the CEO and founder of Black­rock, the world’s largest as­set-man­age­ment firm. Back in the ‘80s, he was ousted from in­vest­ment bank First Bos­ton af­ter los­ing $100 mil­lion on a poor in­ter­est bet. In 1988, he set out to start Black­rock, which quickly grew into one of the largest money man­agers in the U.S.

In the Wall Street, Fink is re­garded one of the savvi­est fi­nance in­dus­try lead­ers. Black­rock’s riskman­age­ment sys­tem, also known as Aladdin, has brought top banks and the US gov­ern­ment out of the 2008 fi­nan­cial cri­sis. Larry Fink over­sees $4.5 tril­lion in as­sets, a huge chunk of which is com­prised of the av­er­age US cit­i­zen’s per­son or re­tire­ment ac­count.

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