BlackRock Inc., headquartered in New York City, is the largest and leading asset management firm in the world.
In this page, we will look into BlackRock Inc. profile, which includes:
- What is BlackRock Inc.?
- BlackRock Financial Performance
- What does BlackRock do?
- Who owns BlackRock?
- BlackRock Offices and Contact Information
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With $11.5 trillion in assets under management (AUM) as of 2024, BlackRock operates in over 30 countries, maintaining a significant presence in major financial markets.
What is BlackRock Inc.?
History
BlackRock was established in 1988 by eight partners who aimed to prioritize clients’ needs and interests. They focused on asset management with a strong emphasis on risk management, a principle that continues to guide the firm to this day.
The following year in 1999, BlackRock began offering its proprietary technology, Aladdin, to the broader industry, enhancing transparency and innovation in risk management. The same year, on October 1st, BlackRock went public on the New York Stock Exchange at $14 per share, managing $165 billion in assets by year’s end.
The firm founded BlackRock Solutions in 2000, leveraging Aladdin as the foundation, marking its entry as a technology provider in the financial sector.
During the 2008 financial crisis, the Federal Reserve Bank of New York enlisted BlackRock to assess Bear Stearns’ mortgage-backed securities, highlighting the firm’s expertise in navigating complex financial challenges.
In 2009, BlackRock acquired Barclays Global Investors, becoming the world’s largest asset manager with operations in 24 countries. This strategic move integrated active and index investment strategies, offering a comprehensive range of solutions to clients.
BlackRock introduced iShares Core in 2012, providing investors with broad stock and bond market exposure, reinforcing its commitment to offering diverse investment products.
In 2018, BlackRock launched its AI Lab in Palo Alto to accelerate artificial intelligence use alongside disciplines such as machine learning, data science, natural language processing to improve its services.
The following year, BlackRock launched BlackRock Retirement Solutions Group to explore innovative planificación de la jubilación solutions.
It also acquired eFront, a provider of end-to-end alternative investment management software and solutions, to allow investors to seamlessly manage portfolios across public and private asset classes on a single platform.
BlackRock Performance
As recently as 2024, BlackRock’s AUM increased by $2.4 trillion due to $456 billion in inflows and a sharp increase in the value of its existing assets. In the third quarter, revenues surged 15% year-over-year.
BlackRock has significantly bolstered its presence in private markets through notable acquisitions. In January 2024, the firm agreed to acquire Global Infrastructure Partners (GIP) for $12.5 billion, positioning BlackRock as a global leader in infrastructure investments.
Additionally, in December 2024, BlackRock announced the acquisition of HPS Investment Partners, a private credit firm, for $12 billion, further diversifying its alternative investment offerings.
What does BlackRock do?
BlackRock provides a comprehensive range of investment and risk management services to institutional and retail clients worldwide. Its offerings include active and passive investment strategies across equity, fixed income, multi-asset, and alternative investments.
The firm is also renowned for its iShares suite of exchange-traded funds (ETFs) and its Aladdin platform, a risk analytics and portfolio management system utilized by various financial institutions.
BlackRock Leadership
Who owns BlackRock?
- Laurence D. Fink
Chairman and Chief Executive Officer
Larry Fink co-founded BlackRock in 1988 and has led its growth into a global leader in investment and technology solutions. He oversees senior leadership development, defines the firm’s vision and culture, and engages with key clients and policymakers. - Robert S. Kapito
President
Rob Kapito is a co-founder of BlackRock and serves as President. He is a member of the Global Executive Committee and Chairman of the Global Operating Committee, playing a pivotal role in the firm’s daily operations and strategic initiatives. - Manish Mehta
Head of BlackRock Global Markets & Index Investments
Manish Mehta, Senior Managing Director, leads teams central to BlackRock’s markets and investments platform, including Index Investing, Global Trading, Securities Lending, Liquidity, and Financing. He is also a member of the Global Executive Committee. - Martin Small
Chief Financial Officer
Martin Small, Senior Managing Director, serves as BlackRock’s Chief Financial Officer and Global Head of Corporate Strategy. He oversees the firm’s financial operations and strategic planning. - Rick Rieder
Chief Investment Officer of Global Fixed Income
Rick Rieder, Senior Managing Director, is responsible for managing approximately $2.4 trillion in assets. He is a member of BlackRock’s Global Executive Committee and chairs the firm-wide BlackRock Investment Council.
BlackRock Offices and Contact Information
BlackRock operates from 89 offices across 38 countries, facilitating a global presence that supports clients worldwide.
North America:
- New York, USA: 50 Hudson Yards, New York, NY 10001. Phone: 212-810-5800.
- San Francisco, USA: 400 Howard Street, San Francisco, CA 94105. Phone: 415-670-2000.
- Toronto, Canada: 161 Bay Street, Toronto, Ontario, M5J 2S1. Phone: 416-643-4000.
Europe:
- London, UK: 12 Throgmorton Avenue, London, EC2N 2DL. Phone: +44 (0)20 7743 3000.
- Frankfurt, Germany: OpernTurm, Bockenheimer Landstraße 2-4, 60306 Frankfurt am Main. Phone: +49 69 5050 60.
- Paris, France: Le Centorial, 16-18 rue du Quatre Septembre, Paris 75002. Phone: 33 156 43 2900. Phone: +33 (0)1 56 43 10 10.
Asia-Pacific:
- Tokyo, Japan: Marunouchi Trust Tower Main, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo 100-8217. Phone: +81 3 6703 4100.
- Hong Kong: 16/F, Champion Tower, 3 Garden Road, Central, Hong Kong. Phone: +852 3903 2800.
- Seoul, South Korea: 136 Sejong-Daero, Seoul Finance Centre, Seoul 04520. Phone: 82 2751 0500
- Singapore: 20 Anson Road, #18-01, Singapore 079912. Phone: +65 6411 3000.
South America:
- Bogotá, Colombia: Calle 84 A # 9-65,Oficina 501,Bogotá, 110231. Phone: +57 (1) 319 2598
- São Paulo, Brazil: Complexo JK Iguatemi, Av Presidente Juscelino Kubitschek, 2.041 Torre E – Conj. B 04543-011 – São Paulo. Phone: 55 11 3028 4100
Middle East:
- Dubai, UAE: ICD Brookfield Place, 312 Al Mustaqbal St, Trade Centre DIFC, Unit 15-01 DIFC Dubai. Phone: 971 4450 0700
- Riyadh, Saudi Arabia: Laysen Valley, Building 7976, Salim Ibn Abi Bakr Shaikan St., West Umm Al Hamam District, 2223-12329 Riyadh. Phone: +966 11 8383600
Africa:
- Cape Town, South Africa: V & A Waterfront, Dock Road Building Corner Stanley & Dock Road Junction, Cape Town 8000. Phone: +27 (0) 21 403 6441.
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Adam es un autor reconocido internacionalmente en temas financieros, con más de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.
