![]() ![]() Prior to founding BlackRock, Fink served as a managing director and a member of the management committee of the First Boston Corporation.įink is a longtime supporter of the UCLA Anderson School of Management, a member of the board of trustees of New York University and co-chairman of the NYU Langone Medical Center board of trustees. I know that his experience will inspire our graduates to find their own success and one day make an impact on the world.” “His advocacy for creating a more long-term culture in business and finance, his focus on innovation and his philanthropy at UCLA and elsewhere demonstrate his commitment to building a better future. “Larry used his two degrees from UCLA to build a world-class financial firm, proving that a Bruin can do anything,” said Joseph Rudnick, senior dean of the UCLA College and dean of physical sciences. ![]() He received the UCLA Medal, the campus’s highest honor, in March. Fink is regarded as one of the most influential individuals in business and finance today, having been named “CEO of the decade” by Financial News in 2011, one of the “world’s best CEOs” by Barron’s for 10 consecutive years, and, most recently as one of the “world’s most respected leaders” by Fortune.Ī native of Van Nuys, California, Fink attended UCLA for his undergraduate and graduate studies, receiving his bachelor’s degree in 1974 and M.B.A. The firm now manages more than $4.6 trillion on behalf of clients of all types, including pension funds, university endowments and individual investors saving for retirement. and 7 p.m., in Pauley Pavilion.įink helped found the global investment management firm with seven others in 1988. He will speak at both commencement ceremonies, scheduled for 2 p.m. Fink, a UCLA alumnus and the chairman and CEO of BlackRock, will be the keynote speaker for the UCLA College commencement on Friday, June 10. Joshua, the eldest son, is chief executive officer of Enso Capital, a hedge fund in which Fink owns a stake. ![]() He also co-chairs the NYU Langone Medical Center board of trustees and is a trustee of the Boys' Club of New York. Fink's longstanding relationships with senior government officials have led to questions about potential conflict of interest regarding government contracts awarded without competitive bidding.īy 2012, BlackRock had $3.5 trillion under management, with 10,000 professionals in 27 countries.įink serves on the board of trustees of New York University, where he holds various chairmanships including chair of the Financial Affairs Committee. 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. 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.įink added as much as $1 billion to First Boston’s bottom line. 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. Laurence Douglas "Larry" Fink (born 1952) BlackRock is the largest money-management firm in the world by assets under management.įink grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store.įink started his career in 1976 at First Boston, a large New York-based investment bank. ![]()
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