Personal experience

Laurence Douglas Fink was born on November 2, 1952, in a middle-class Jewish family in Los Angeles, California, USA. His father owned a shoe store and his mother was an English professor. After receiving a bachelor's degree in political science from the University of California, Los Angeles (UCLA), he received an MBA from the UCLA Anderson School of Management in 1976.

In 1976, Fink joined First Boston and quickly became a star in the fixed income department. He was one of the first financial engineers to bring mortgage-backed securities (MBS) to the market, and as a result, he suffered a major trading loss around 1986. This setback prompted him to pay more attention to risk management and asset transparency , laying the ideological foundation for his future success.

In 1988, Fink and seven partners co-founded BlackRock, which initially operated as a risk management and fixed income asset management department of Blackstone Group. In 1992, BlackRock operated independently and acquired Barclays Global Investors (BGI) in 2009, becoming the world's largest asset management company.

Main achievements

By 2025, the total assets managed by BlackRock will exceed US$10 trillion , covering global stocks, bonds, index funds, ESG assets, real estate, private credit and other fields.

Fink not only promoted BlackRock's global expansion, but also pioneered the introduction of the Aladdin risk control system (Asset, Liability, Debt and Derivative Investment Network), which became the technical cornerstone of risk monitoring in the global asset management industry.

He is one of the driving forces behind the mass adoption of ETFs (Exchange Traded Funds) and has redefined the way retail and institutional investors invest through his iShares brand.

When it comes to ESG investing, he is one of the most influential advocates on Wall Street. He has repeatedly emphasized corporate social responsibility in his annual letters to shareholders and put forward the concept of "reconstruction of capitalism."

Management Essence

"BlackRock is successful because we embed technology, risk control and responsibility awareness into management." - Fink emphasized that transparency, systematization and responsibility orientation are the core of modern financial management.

"Capital does not just pursue returns, it must have goals and positions." - He believes that modern investors are not only shareholders, but also value creators.

"Our clients entrust us with their future, and we cannot let them down." - Fink always emphasizes BlackRock's sense of mission and long-termism.

As one of the most influential figures in the financial world, Fink's annual letter to CEOs is regarded as an important indicator of global corporate governance and capital orientation. He is also an important voice in the US political and business network and has provided advice to the Federal Reserve, the Treasury Department and the presidential advisory team on many occasions.