BlackRock
Headquarters:
40 East 52nd Street
New York, NY 10022
Employees: 8,500
CEO: Laurence Fink
Website: http://www.blackrock.com
Stock Symbol:
BLK
Career Page
BlackRock is one of the largest publicly traded investment management firms in the United States with $3.34 trillion in assets under management across equity, fixed income, cash management, alternative investment and real estate strategies as of December 31, 2009.
BlackRock manages assets on behalf of institutional
and individual investors worldwide through a variety of equity,
fixed income, liquidity and alternative investment products.
In addition, BlackRock provides risk management, investment system
outsourcing, and financial advisory services to a wide array
of institutional investors and financial institutions.
The firm's client base includes corporate,
public, and Taft-Hartley pension plans, insurance companies,
mutual funds, endowments, foundations, nuclear decommissioning
trusts, corporations, banks, and individuals worldwide.
BlackRock is a global enterprise with 8,500 employees in 24 countries. It serves clients in North and South America, Europe, Asia, Japan, Australia and the Middle East.
In January 2010, the company acquired the assets of Helix Financial Group LLC, a Charlotte, NC based company that provides advisory, valuation and analytics solutions to commercial real estate lenders and investors. Helix will be fully integrated into BlackRock Solutions, a unit of BlackRock that offers a broad range of tools and services designed to help institutions understand and manage their capital markets exposures and risks.
In December 2009. BlackRock completed its merger of Barclay Global Investors, including the market-leading iShares exchange traded funds business.
In 2009, BlackRock had total revenue of $4.7 billion, a 7% drop, and net income of $875 million.
“BlackRock’s performance in 2009 was strong by any measure,” commented Laurence D. Fink, Chairman and CEO of BlackRock. “Adjusted earnings per share increased 13%, investment performance was competitive across a broad array of products, and our work with clients was rewarded with $155.7 billion of combined net new business and 48 net new assignments in BlackRock Solutions. During the fourth quarter, we closed the transaction with BGI, adding substantial capabilities and welcoming more than 3,500 new colleagues to the combined organization. Clients have been highly supportive, and we have already won assignments that leverage our broader platform."
History
Originally founded in 1988 as Blackstone Financial Management, the company changed its name to BlackRock in 1992.
The company had an IPO in 1999.
Benefits
As part of its comprehensive benefits package,
BlackRock offers tuition reimbursement for professional development.
Other attractive features include flexible healthcare options,
financial services, and retirement benefits.
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