Laurence D. Fink
| Laurence Fink | |
|---|---|
| Born |
Laurence Douglas Fink November 2, 1952 (age 64) Los Angeles, California, U.S. |
| Alma mater | University of California, Los Angeles |
| Occupation | Chairman & CEO of BlackRock |
| Political party | Democratic |
Laurence Douglas "Larry" Fink (born 1952) is an American financial executive. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world by assets under management.
Fink grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store. He earned a BA in political science from the University of California, Los Angeles (UCLA) in 1974. Fink is also a member of Kappa Beta Phi. He then received an MBA at the UCLA Anderson Graduate School of Management in 1976.
Fink started his career in 1976 at First Boston, a large New York-based investment bank. Eventually taking charge of First Boston's bond department, Fink was instrumental in the creation and development of the mortgage-backed security market in the United States. At First Boston, Fink was a member of the Management Committee, a Managing Director, and co-head of the Taxable Fixed Income Division; he also started the Financial Futures and Options Department, and headed the Mortgage and Real Estate Products Group.
Fink added as much as $1 billion to First Boston’s bottom line. He was successful at the bank until 1986, when his department lost $100 million due to his incorrect prediction about where interest rates were headed. The experience influenced his decision to start a company that would invest clients' money while also incorporating comprehensive risk management as well.
...
Wikipedia