BlackRock
PHO20 blackrock board
Photographed March 12, 2013, in the under-construction 22nd floor of the company's Manhattan headquarters. Left to right: William S. Demchak, president and CEO, PNC Financial Services Group; David H. Komansky, former chairman and CEO, Merrill Lynch; Jessica P. Einhorn, former dean, Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins University; Thomas H. O'Brien, former chairman and CEO, PNC Financial Services Group; Thomas K. Montag, co-chief operating officer, Bank of America; Abdlatif Y. Al-Hamad, director general and chairman, Arab Fund for Economic and Social Development; Marco Antonio Slim Domit, chairman and CEO, Grupo Financiero Inbursa; James J. Grosfeld, former chairman and CEO, Pulte Homes; James E. Rohr, executive chairman, PNC Financial Services Group; Sir Deryck Maughan, senior adviser, Kohlberg Kravis Roberts; Ivan G. Seidenberg, former chairman and CEO, Verizon Communications; Laurence D. Fink, chairman and CEO, BlackRock; Susan L. Wagner, former vice chairman, BlackRock; John S. Varley, former chief executive, Barclays; Robert S. Kapito, president, BlackRock

Founded in 1988, the asset-management firm has grown into the world's largest, thanks to a slew of deals, including the purchases of Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009. Last summer's retirement of co-founding partner and vice chairman Sue Wagner, who oversaw BlackRock's M&A business, signaled an end to the firm's acquisition strategy. Chairman and CEO Larry Fink is now restructuring the company, hoping to spur investor deposits instead of large-scale acquisitions. BlackRock (No. 286) ended 2012 on a high note: The company closed the year managing a record $3.792 trillion in assets.


  @FortuneMagazine - Last updated May 06 2013 09:23 AM ET
Join the Conversation
Fortune 500

Wal-Mart retook the top spot, Berkshire Hathaway made the top five, and Apple grew enormously.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.