The world’s largest asset manager, which runs some of the cheapest investment products available, plans to place a greater focus on the quality of the engineering, construction and management of its funds going forward, according to Armando Senra, who recently took over as head of the firm’s exchange-traded fund business for the U.S., Canada and Latin America.
BlackRock Inc. is launching its largest sweeping organizational overhaul in years, according to an internal memo.
A data leak revealed last week at BlackRock Inc. exposed names, email addresses and other information of about 20,000 advisers who are clients of the asset manager, including 12,000 at LPL Financial, the largest U.S. independent broker dealer.
BlackRock Inc., the world’s largest asset manager, inadvertently posted confidential information about thousands of financial advisor clients on its website.
BlackRock Inc. is cutting 3 percent of its global workforce, the largest reduction in its headcount since 2016.
BlackRock, the world’s largest money manager, has lost 26 percent as investors in the company and its funds cashed out or stayed on the sidelines. Yet that still puts it ahead of many peers who’ve seen their market value crumble even more.