BlackRock CEO Fink Begins Biggest Organizational Overhaul in Years

The transcript discusses BlackRock's internal reorganization, focusing on their alternatives business and leadership changes. BlackRock aims to strengthen its alternatives business, having recently closed a private equity fund. Leadership changes include elevating Jim Berry to Chief Investment Officer. The memo also highlights the need for regional growth and client engagement. Despite ongoing discussions, no clear successor for Larry Fink has emerged.

What strategy is BlackRock implementing to enhance its presence outside the US?

Was there a clear successor identified for Larry Fink in the recent memo?