Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fink Spills Secrets of BlackRock's Success Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 12, 2005

Fink Spills Secrets of BlackRock's Success

by: Theresa Sim

Looking for tips on what makes the self-described Microsoft of the asset management industry tick? Typically low-key BlackRock CEO Laurence Fink tells all in a recent issue of Barron's.

Ironically, one of the reasons the bond manager has done so well is precisely for keeping a low profile, says Fink: "We're convinced that our customers, those big institutions, would prefer not to see our names in the financial press day in and day out…So, we've deliberately kept a pretty low profile. After all, bonds are a pretty boring business. What's important to us is the BlackRock name."

Count low employee turnover (and generous compensation) as another driver: "What's so gratifying about what we've been able to do here is to grow into our middle-age together. There are no plans to break up the team, though I have to confess, if I were to go the place would barely skip a beat."

What's up ahead for BlackRock? The firm is expanding international operations through relationships with Japanese money manger Nomura Asset Management and Australian firm Westpac, and moving into equities with its acquisition of Boston-based State Street Research.

"We're in the early stages of development. It's probably the next story," Ben W. Golub, managing director at BlackRock, told Barron's

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use