, president of the ICI, plans to retire at the end of 2004. The 34-year employee of the ICI publicly announced his plans Friday afternoon. He had told the ICI board of directors of his plans during the May meeting.
The directors asked Fink to stay on through 2004 to assist in the search and transition to his successor, said Paul Haaga.
Fink joined the Investment Company Institute as a staff attorney in 1971. The become president of the trade group in 1991.
"During my time at ICI, Iíve had an extremely fulfilling career that has enabled me to help mutual funds become the investment of choice for 95 million Americans," said Fink in a statement. "Iím proud of the exceptional record mutual funds have built advancing the interests of their shareholders. It has been an honor to represent an association and its members that value and promote a fiduciary culture of service to shareholders."
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