BlackRock manages money for pension funds, governments, insurers, and everyday savers, and sells the software it uses to run those investments to other firms. In 2009, its purchase of Barclays Global Investors brought in the iShares fund family and made BlackRock the world's largest asset manager. Its iShares exchange-traded funds trade like stocks and mostly track market indexes, while its private funds lend to companies and invest in infrastructure and real estate. BlackRock charges a yearly fee on the money it manages, and banks, insurers, and other investors pay to use Aladdin, its system for measuring risk and running portfolios. Larry Fink and seven partners founded BlackRock in 1988, and it is based in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1988
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Bitmine CEO Tom Lee says the cryptocurrency market is at the beginning of a super cycle! Here are the details. Bitmine CEO Tom Lee argued that the cryptocurrency market is at the beginning of a long-term and comprehensive growth period. 07.10.2026 - 10:16 Update: 4 hours ago Bitmine CEO Tom Lee argued that the cryptocurrency market is at the beginning of a long-term and comprehensive growth period. Lee predicted that a large portion of the assets managed in the traditional financial sector will be tokenized within the next 10 years. Speaking at the Token2049 event, Lee described the current period as the beginning of a "super cycle" for crypto assets. According to Lee, the increasing integration of blockchain technology into the traditional financial system will play a significant role in the growth of the crypto ecosystem in the coming years. Lee specifically highlighted developments in the field of tokenization. He stated that most assets managed in the traditional financial sector could be converted into blockchain-based tokens within the next 10 years, adding that this transformation could create significant changes in the infrastructure of financial markets. Tokenization stands out as a framework that makes it possible to represent stocks, bonds, and other financial assets on the blockchain through digital tokens. According to Lee's assessment, the adoption of this technology could enable greater integration of crypto infrastructure with traditional finance. Lee also pointed out that major financial institutions such as BlackRock, JPMorgan, and Robinhood are developing tokenization-related infrastructure on Ethereum (ETH). He argued that these efforts could strengthen Ethereum's role in the digitalization of financial assets. Fundstrat's co-founder stated that institutional finance organizations' adoption of blockchain infrastructure is crucial for the long-term development of the cryptocurrency market. Lee's "super cycle" assessment reflects his personal market view for the future, while the pace of tokenization over the next 10 years will depend on regulatory developments, institutional adoption, and the advancement of technological infrastructure. *This is not investment advice. Follow its Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Spiko raises $90M to take on BlackRock in tokenized cash funds. News Tue, 06 Oct 2026 07:05:32 UTC 2 hours ago Spiko's $90M raise signals a shift towards blockchain-based finance, challenging traditional giants and potentially reshaping cash fund markets. This content is automatically aggregated. Full credit goes to the original publisher (cryptobriefing.com).
Former HSBC banker Lina Lim moves to new BlackRock role. Lina Lim has been hired as head of commercialization Asia Pacific for Citi Portfolio Solutions Powered by BlackRock (CxB). 5 October 2026 BlackRock has announced the appointment of Lina Lim as head of commercialization Asia Pacific for Citi Portfolio Solutions Powered by BlackRock (CxB), effective today. In this newly created role, Lim will lead the expansion of the CxB platform across Asia Pacific, working across the business to bring BlackRock's customised investment capabilities to wealth clients in the region and deepen the offering for Citi clients, according to a statement by the asset manager. CxB was launched in late 2025, managing approximately $80bn in assets for Citi's private banking clients globally. The platform combines investment advisory and planning capabilities of Citi with the investment management and technology strengths of BlackRock centred on a whole portfolio approach. Lim (pictured) is based in Hong Kong, reporting to Andrew Landman and Rob Jasminski. She has three decades of experience across asset and wealth management, with a record of building and scaling managed solutions platforms for clients. She was most recently regional and Hong Kong head of discretionary, funds and ETFs at HSBC, where she led the managed investment solutions business across the full client spectrum, from retail and affluent investors to ultra-high-net-worth individuals. Lim has also held senior regional leadership roles at JP Morgan in Hong Kong and Singapore, as well as senior portfolio management roles at Sumitomo Mitsui Asset Management. Andrew Landman, BlackRock's deputy head of Asia Pacific and head of Wealth for Asia Pacific, commented, "We are delighted to welcome Lina to BlackRock. Her extensive expertise across asset and wealth management makes her exceptionally well positioned to help drive the continued growth of Citi Portfolio Solutions Powered by BlackRock and expand managed accounts offerings for wealth clients across Asia Pacific." Rob Jasminski, global head of Citi Portfolio Solutions Powered by BlackRock, added, "Lina's appointment underscores our commitment to meeting growing demand for managed accounts offerings. Her leadership and deep industry experience will be instrumental in expanding our capabilities and delivering more tailored investment solutions for clients." MORE ARTICLES ON
BlackRock expects to sustain asset growth in Brazil regardless of election outcome. Published on 10/02/2026 at 07:02 am EDT - Modified on 10/02/2026 at 07:07 am EDT SAO PAULO, Oct 2 (Reuters) - BlackRock, the world's largest asset manager, expects to maintain around 30% growth in assets under management in Brazil next year, regardless of the result of this month's general election, the firm's lead executive in the country said. In an interview with Reuters, Bruno Barino, chief executive of BlackRock for Brazil, said the firm's assets under management in the country are set to grow between 30% and 35% this year, on the back of a 12% rise in 2025 and an outflow in 2024. "I think we can repeat the growth in 2027," Barino said. He noted the move would be supported by rising interest among BlackRock's Brazilian clients in international investments, which represent about 90% of the firm's managed assets in the country. BlackRock, which has some $15.3 trillion under management globally, has been growing its operations in Latin America's largest economy, but its presence in the country is still modest when compared to the firm's global footprint. "If you look at the world's major investable asset markets, BlackRock is a giant in all of them except Brazil," Barino said. The firm did not disclose the specific amount of its assets in Brazil. The country's main challenge is competing for long-term investments, and its ability to attract these resources hinges less on the results of the election than on the extent of fiscal reforms and policies aimed at boosting competitiveness, Barino said. Opinion polls have shown President Luiz Inacio Lula da Silva and Senator Flavio Bolsonaro statistically tied in simulated scenarios of the election. "Regardless of who wins, the depth of the reforms will determine Brazil's ability to compete for investment," the executive said. (Reporting by Paula Arend Laier in Sao Paulo; additional reporting by Luciana Magalhaes and Brad Haynes; Writing by Andre Romani; Editing by Lincoln Feast.) By Paula Arend Laier (C) Reuters - 2026
Compliance Jobs Report: Oct. 2. The Compliance Jobs Report this week has hiring news at Crocs, Chewy, Block, Stryker, Ritz-Carlton Yachts (yes, that's a thing) and a slew of financial firms. Radical Compliance also have promotions to note at McKesson, BNP Paribas, and elsewhere; and job leads in retail, healthcare, and payments. The healthcare salary will make you faint. Radical Compliance gather the Jobs Report news items from LinkedIn, press releases, and wherever else Radical Compliance can find tips - and thank you to everyone who sends them in, you make the Jobs Report possible! If you have any gossip to share (even confidentially) email me at [email protected] or find me on LinkedIn. Compliance Jobs. This week Radical Compliance begin at Crocs, perhaps the world's most well-known maker of ugly but comfortable shoes; the company has hired Anne DeTraglia as vice president of internal audit and enterprise risk. DeTraglia walks into Crocs from Sabre Corp., where she had also been VP of audit and risk until she left the company earlier this year. Gina Bucker is joining Chewy, the online pet food delivery people, as head of internal audit; she starts Oct. 5. Bucker comes to Chewy from JetBlue, where she had been chief audit executive since the start of 2025. Changing of the compliance guard at Swedbank! The Swedish bank says chief compliance officer Britta Hjorth-Larsen is stepping down after four years on the job for personal and family reasons and is moving home to Denmark. Eva Wilhelmsson, deputy CCO and a long-time Swedbank executive, has been appointed acting chief compliance officer until further notice. Payments firm Block has hired Nick DiBari as lead for compliance issues management. DiBari joins the company after seven years at Interactive Brokers, the last five of them as global head of anti-money laundering compliance. (This would be the same Block, by the way, that proudly announced eight months ago that it was cutting 40 percent of its staff to embrace AI. Glad to see at least some humans are still getting hired.) First Citizens Bank has deposited Matt Marteney onto the payroll as vice president of compliance. Marteney joins First Citizen after 28 years at Wells Fargo, where he had most recently been director of financial crimes governance. Wolfgang Rieg has joined British insurance firm Howden as executive compliance business partner. Rieg comes to Howden all the way from New Zealand, where he had been a manager of conduct supervision for the country's Financial Markets Authority. Speaking of executive compliance roles, Judy Lipton just gave up her job at BlackRock as global head of executive compliance; to join asset management firm Millennium ($92 billion assets under management) as compliance chief operating officer. Lipton had been with BlackRock in various compliance roles for 11 years. Nancy Freda-Smith has stepped down from her role as chief audit executive at Ralph Lauren Corp. after 15 years at the company in various audit roles. Next up: Freda-Smith has joined the board of Tempest Therapeutics, where she will serve as audit committee chair. Moment, a fintech that bills itself as "the AI operating system for investment management," has hired Ron Steinfeld as chief compliance officer. Steinfeld joins the firm from MarketAxess, where he had also been chief compliance officer. Jim Back has been hired at Tata Steel in the Netherlands, working as antitrust counsel on the company's ethics and compliance team. Back was last seen at Teva Pharmaceuticals, where he had been senior counsel for EU antitrust issues until last year. David Colford has left Airmar Technology, where he had been a regulatory compliance and sustainability specialist. He's now at Insulet Corp. as a senior product stewardship specialist. Sophie Hibburd has joined Astellas Pharma as ethics and compliance affiliate business partner for Australia. Hibburd had previously been Takeda's head of ethics and compliance for the Oceania region. Merrick Bank, a merchant bank based in Salt Lake City, has hired Brooke Weaver as a level II compliance analyst. Weaver previously worked at Medallion Bank on its compliance testing team. In Omaha, Neb., OrthoNebraska has hired Brayden Walsh as a compliance coordinator. Walsh previously worked at the Developmental Disability Center of Nebraska as director of quality assurance and compliance. Meghan Weaver has been hired as a senior compliance officer at Financial Plus Credit Union in Flint, Mich. Weaver comes to Financial Plus from Comerica Bank, where she had been a retail compliance advisory manager. Amanda Holst has a new gig at Stryker as senior director of compliance, governance, risk, and strategy. Holst comes to the medical equipment maker from United Therapeutics, where she most recently had been senior director of compliance program operations. Chromally, an aerospace manufacturer, just picked up Darie Achstein-Conway as U.S. import compliance manager. Achstein-Conway has previously worked as a trade compliance consultant with Axiom, where Chromally had been one of her clients. Lisa Pepe-Whittaker has taken a job with Fortitude Re as senior vice president of compliance and legal. She previously worked at Deutsche Bank for four years, most recently as global head of requirements, conduct, and reporting. Orion Financial, a credit union based in Memphis, has hired Miles Wolfe as director of IT governance, risk, and compliance. Wolfe comes to Orion from First Horizon Bank, where he had been senior VP and audit senior adviser. And in Miami, Raul Ocampo is the new senior manager for information and security compliance for the Ritz-Carlton Yacht Collection, a group of three luxury yachts that people richer than me can take on vacation. Ocampo sails into this job from Optiv, where he had been head of cybersecurity operations. One hopes he got some free yacht time as part of the package. Regulatory world. Heidi Sorensen has joined the Department of Health & Human Services as deputy associate general counsel for program integrity at the Center for Medicare & Medicaid Services. Sorensen previously spent 19 years at the law firm Alston & Bird. Moving up the ladder. The aptly named Community Bank, which runs community banks from Pennsylvania though New York and northern New England, has promoted Jeff Royer from senior compliance manager to chief compliance officer. Samantha Young has moved up at Wright-Pitt Credit Union in Ohio, from manager of internal audit to vice president of the same. McKesson has promoted Kendra Rester from senior manager of internal audit to senior manager of contracts compliance. BNP Paribas has promoted Alexandra Guerra from senior KYC officer to compliance review control officer. Curry's, a British retailer of personal technology gizmos, has promoted Will Volante from business manager to senior manager for governance, risk, and compliance. Vendors & service providers. Houssam Wazzan has moved out of his role at the World Economic Forum, where he had been lead for the group's Partnering Against Corruption Initiative; now he will head WEF's Civil Society and Responsible Governance program. Open req orders. UCI Health, the hospital system affiliated with the University of California at Irvine, is looking for a chief compliance officer. Job is based in Irvine, Calif., obviously. Salary range is listed at $254,000 to $536,000 but a "well-qualified" candidate "can generally expect $375,000 to $440,000." (The rumbling sound you hear in the distance is the stampede of healthcare compliance professionals rushing to apply.) Tailored Brands, the holding company for men's clothing outlets including Men's Wearhouse, Jos. A Bank, and K&G Fashion, is looking for a director of customs compliance. Job is based in New York City, with a salary range listed at $176,000 to $235,000. Global payments firm Remitly is seeking a head of global transaction monitoring. Job can be based in either Seattle or Arlington, Va., with a salary range of $208,000 to $260,000. Compliance meme of the week. That's all for this week's report. As always, if you have a tip or want to brag about your new job, promotion, career milestone, or anything else, email me at [email protected] or find me on LinkedIn. I'm always happy to give credit to the many hard-working people here in its corner of the business universe.