His expertise is predominantly geared toward controlling investment risks and managing cash flows. Mark McCombe, a longtime executive who was once viewed as a potential successor to Fink before he became a vice chairman, recently took over as interim head of external affairs after Dalia Blass, who previously held the role, left for the law firm Sullivan & Cromwell.ĭo you have a story about BlackRock? Reach this reporter at, by encrypted email at, or at (646) 768-4711.Mike has extensive knowledge and experience in developing financial strategies for governmental organizations and individuals. Small replaced him.īlackRock also named new heads of investment stewardship (Abdel Majeid), human resources (Caroline Heller), and sustainable and energy transition solutions (Jessica Tan).
Former chief financial officer Gary Shedlin, who worked closely with Fink for more than a decade, first as an investment banker who advised him on dealmaking before joining BlackRock in 2013, was named a vice chairman this year. As of January, 4% of senior leaders in the US identified as Black or African American, 4% identified as Latinx, and 20% identified as Asian.īlackRock has shuffled around other key executives in the past year. Three years ago, when the firm reported that 3% of senior leaders (those at the director level and above) were Black, it set out to increase Black representation in senior leadership and overall. The firm has had a focus on increasing racial diversity in management. Investment stewardship head Joud Abdel Majeid and Willie Alford, Fink's new chief of staff, are among the executives who report to Fink. Wiedman also reports to Kapito and oversees executives including Armando Senra, head of the Americas institutional business. Lance Braunstein, a top Aladdin executive, joined the global executive committee as part of the shuffle. Kushel, for instance, reports to Kapito and oversees executives including fixed-income investment chief Rick Rieder and Jim Keenan, who was named head of private credit this week as part of the changes to leadership and structure. Readers can click through our org chart to view various reporting lines. There are a handful of executives that company insiders view as potential successors to Fink. My legacy is going to be about how the firm does after I leave." "We are spending a great deal of time at BlackRock getting the firm ready for when the founders are retiring. "I would like to do this for five-plus years more," Fink told Barron's in 2018. The New York firm is run by Fink, the only CEO BlackRock has had since he and seven partners, including president Rob Kapito, founded it in 1988.įink is now 70, and the firm has been preparing for his and Kapito's retirements for years.
Specifically, executives viewed by company insiders as possible Fink successors: Wiedman, Mehta, Asia Pacific head Rachel Lord, chief operating officer Rob Goldstein, Rich Kushel, head of the sprawling portfolio management group, finance chief Martin Small, and iShares head Salim Ramji.īlackRock is the largest asset manager in the world, overseeing $9.1 trillion. Our exclusive chart below shows where influential, longtime executives sit within the firm and who they oversee. Last year, BlackRock formed a new markets unit led by former human resources chief Manish Mehta and a new global client business led by Mark Wiedman. This week, the firm overhauled its alternative-investments business and made changes to the makeup of its Aladdin business, two core BlackRock offerings. To provide a window into the current power structure, Insider has mapped out the roughly 150 most senior BlackRock executives. This shows where executives said to be in the running to succeed Fink sit within the company.īlackRock has made a number of top personnel changes and internal structural shifts in the past year at a time when it is also wrestling with who will take over from Larry Fink, its cofounder and chief executive.BlackRock has been priming the next generation of management and making changes at the top.Insider built an org chart showing the most senior executives under BlackRock CEO Larry Fink.
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