Blackrock's Fink, bouyed by record inflows, vows 'loud' activism

If Blackrock Inc.’s Larry Fink ever had second thoughts about injecting his voice into such weighty issues as climate change and voting rights, he doesn’t anymore.

Larry Fink, Chief Executive Officer of Blackrock, stands at the Bloomberg Global Business forum in New York, US, September 26, 2018 | Photo: SHANNON STAPLETON/Reuters / X90052

"I've been very loud at what I'm saying and I'm going to be loud again," Fink, Blackrock’s chairman and chief executive officer, said in an interview at the Bloomberg Green Summit. “Over the last rolling 12 months, we were awarded EUR 436bn, so our voice is resonating with our clients.”

Emboldened by the record amounts of money flowing into his firm, Fink is among the most prominent leaders in finance to embrace the ideals of stakeholder capitalism, and he’s wielded the influence that comes with overseeing EUR 7.5trn to push others in the same direction.

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