The firm's growth is based on opening up investing to more people. Fink highlighted three ways the asset manager is gearing up for success.
In Larry Fink's annual letter to BlackRock shareholders released on Monday, the CEO highlighted how challenging 2018 was for asset managers broadly.
In his annual letter to shareholders released on Monday, the chief executive officer acknowledged that"2018 was a challenge, but we've faced challenging years before." and Fink is keen to help BlackRock continue expanding faster than the industry average of 3% organic asset growth.As asset management growth grinds to a halt, firms have to get creative. Here are the 3 avenues analysts say will best boost revenue.
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Larry Fink keeps succession options wide openBlackRock is empowering regional managers and tapping a new executive to accelerate its push into private equity. Chief Larry Fink hopes the shakeup will reignite growth after a difficult year. They also leave him with a wealth of choices over who might one day take up his role.
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