About the Company
Founded in 1988, BlackRock Inc. is a global investment management corporation headquartered in New York City. It initially started as a fixed income institutional asset manager and risk management company, and as of 2020, is the largest enterprise in its respective field. It is considered to be one of the Big Three Funds, alongside State Street and Vanguard, that dominate the American Corporate industry.
It has around 89 offices across 38 countries in Europe, Australia, North/South America, Africa, the Middle East, and Asia, with over 16,000 employees as of 2020. However, its clientele spans across more than 100 countries around the globe. It offers its services to doctors & nurses, foundations, parents & grandparents, fire-fighters, teachers, along with sovereign wealth & pension funds.
The company offers a vast range of investment solutions, including Aladdin Technology and iShare ETFs, aiming for corporate sustainability. It entered the New York Stock Exchange under the trading symbol of BLK at an Initial Public Offering of $14 per share on 1st October 1999. By the end of the year, it had managed to generate $165 billion in assets under management.
Between 2006 and 2019, BlackRock made eight major acquisitions like Merrill Lynch Investment Management in 2006, Barclays Global Investor in 2009, FutureAdvisorin 2015, eFront Alternative Investment Solutions in 2019. China Securities Regulatory Commission approved BalckRock’s request in 2020 to set up a mutual fund business in China. This venture makes it the first global asset manager to attain approval from China to start operations.
Over its more than 30 years old journey, it has received numerous recognitions from renowned authorities and prestigious lists. In 2020 it was recognised by Forbes’ under its list of America’s Most JUST Companies, and in 2019 it aced in the Financial Industry’s US Transparency Awards among the 250 largest US companies.;
|HeadQuarters||New York, NY|