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In 1988, 8 peers - Larry Fink, Susan Wagner, Robert S. Kapito, Barbara Novick, Ralph Sclosstein, Hugh R. Frater, Ben Golub, and Keith Anderson with experience in mortgage-backed assets formed Black Rock in one room. With a $5 million bank loan, they were able to handle assets that were good for clients. The FDIC was one of his initial clients.

Susan Wagner is a cofounder and director of asset manager BlackRock, which she started with Larry Fink and others in 1988. She cofounded the company at age 26 and went on to serve as chief...

Fink (centre) with Susan Wagner and Robert Kapito in 2009. Both were members of the group of executives picked by Fink and Ralph Schlosstein in 1998 to help them create the new investment...

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective. The firm preferred to invest in large, fiscally sound companies in growth industries.

[00:17:05] It's easier to do it that way. So Larry Fink, Robert S. cappato, Susan Wagner, Barbara Novick, Ben Golub, Q Frater back, guys. A Gentile, Ralph Shlash Stein. You think that guy's a gentile, James? I don't know. That's a tough one. Jesus and Keith Anderson also a gentle so out of the founders of BlackRock, six out of eight are Jewish.

Robert S. Kapito – founder and co-president; Cheryl D. Mills; Gordon M. Nixon; Kristin Peck; Charles H. Robbins; Carlos Slim Domit; Hans V. Vestberg; Susan Wagner – founder, member of the board; Mark Wilson; People who have previously served on the Blackrock board of directors include: Brian Deese - former Global Head of Sustainable Investing

The company was founded by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson. BlackRock, with more than $3.5 trillion under management, is the world’s largest money manager. The firm specialises in equity and fixed-income products, as well as alternative and multi-class instruments, which it invests in on behalf of institutional and retail investors worldwide.

At this time, Larry Fink becomes The Chairman and CEO, and Robert Kapito becomes the President of BlackRock. Susan Wagner, the other co-founder of BlackRock, retire from this company in 2012. Until December 31, 2020, this company managed $8.68 trillion of assets under management (AUM).