CorD Recommends


Lisa Su, CEO of Advanced Micro Devices

The Architect of AMD’s Renaissance

Dr. Lisa Su, at the helm of...

Marc Benioff, CEO of Salesforce

Salesforce’s Visionary Leader Revolutionizes CRM

From Teenage Programmer to Tech Philanthropist, Benioff...

Ryan Roslansky, CEO of LinkedIn

Steering LinkedIn Through Unprecedented Times

Amidst global upheavals, LinkedIn's CEO redefines leadership,...

Satya Nadella, CEO of Microsoft

The Man Behing A Tech Titan’s Revival

Under Satya Nadella’s visionary leadership, Microsoft transcended...


Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...

Larry Fink, CEO of BlackRock

The Architect of Modern Asset Management

Larry Fink is far from being a mere figurehead in the financial world; he is an architect of modern asset management, the CEO of BlackRock, and a paradigm- shifter in how companies think about long-term value.

With a portfolio boasting a colossal $10 trillion in assets under management as of 2021, BlackRock under Fink’s leadership is no longer just an investment firm—it’s an institution that wields the sort of influence usually reserved for central banks and national governments.


Born in 1952 to a shoe-store owner and an English professor, Fink grew up in a middle-class family in Van Nuys, California. After completing his undergraduate studies in political science at UCLA, he ventured to Wall Street, joining investment bank First Boston in 1976.

At First Boston, Fink was a star in the bond department but tasted bitter failure when he miscalculated interest rates, leading to substantial losses for the firm. This setback was formative; it not only imparted him with critical lessons but also set the stage for the risk management approaches he would later instil at BlackRock.


Fink founded BlackRock in 1988, along with seven other Wall Street professionals, initially as a risk management and fixed-income institutional asset manager. The firm grew steadily but exploded onto the global financial stage after the 2008 financial crisis.

Fink’s understanding of risk had helped BlackRock navigate the subprime mortgage crisis more adeptly than most

Fink’s understanding of risk had helped BlackRock navigate the subprime mortgage crisis more adeptly than most. The firm’s assets swelled as it was called upon to clean up the financial mess left in the wake of the collapse of Lehman Brothers and others. By the end of 2009, Black- Rock had acquired Barclays Global Investors, making it the largest asset manager in the world.


In a world of quarterly earnings reports and immediate gratification, Fink has become an unlikely advocate for long-term planning. His annual letters to CEOs, akin to pastoral letters in the business community, increasingly reflect a broader societal role. In these missives, Fink has exhorted companies to think beyond just profit and consider their environmental, social, and governance (ESG) impact. He has warned that BlackRock would not hesitate to disengage from companies failing to demonstrate a commitment to longterm, sustainable value creation.

This is not mere virtue-signalling. BlackRock has followed through with palpable actions, such as siding with “Engine No. 1” in a proxy battle to replace directors of ExxonMobil who were perceived as not doing enough to combat climate change.


Fink is often described as analytical but pragmatic, with a management style that blends attention to detail with an overarching vision. He is renowned for his ‘no shortcuts’ work ethic and a longterm orientation that prioritises strategic planning over tactical manoeuvring.

Larry has warned that BlackRock would not hesitate to disengage from companies failing to demonstrate a commitment to long-term, sustainable value creation

His success can be attributed to a culture of openness and measured risk-taking, something he has fostered at BlackRock since its inception.


However, Fink’s exertion of moral and financial influence hasn’t been universally welcomed. Critics argue that BlackRock’s ESG goals are more about public relations than genuine impact, particularly given the firm’s significant investments in fossil fuels.

More pointedly, Black- Rock’s deepening engagement with Chinese markets, including those companies blacklisted for human rights abuses, has led to accusations of hypocrisy.

Moreover, BlackRock’s enormous scale and influence in capital markets have raised questions about market concentration and systemic risk, factors that regulators are beginning to scrutinise more closely. Larry Fink is a man of many facets: a prodigious financier, a corporate moralist, and a global influencer. He has successfully turned BlackRock from a Wall Street outsider into a pre-eminent institution, impacting how both the financial industry and its regulators conceive of risk and responsibility. Yet as he continues to navigate the complex interplay between profit and purpose, his ultimate legacy remains an open question.

Nonetheless, what is clear is that Fink has irreversibly altered the landscape of global finance, in ways both tangible and philosophical.