Asset Management

The ‘Great Race’ at BlackRock: ‘Succession is a charade. Larry is never leaving’

The asset manager’s CEO has been in the top job for 36 years. Who can replace him?

Monday 3 February 2025 at 00:01

BlackRock’s most senior leaders: L-R: Rob Goldstein, Martin Small, Larry Fink, Rachel Lord and Raj Rao
BlackRock’s most senior leaders: L-R: Rob Goldstein, Martin Small, Larry Fink, Rachel Lord and Raj Rao Illustration: Ben Tallon

When Larry Fink addressed analysts after BlackRock announced its fourth quarter results on 15 January, many were unaware he was celebrating a landmark only a handful of US chief executives have ever achieved.

The asset manager’s quarterly earnings announcement was Fink’s 100th since the firm listed on the New York Stock Exchange in 1999.