BlackRock sees wave of M&A in asset management industry: CEO

BlackRock sees wave of M&A in asset management industry: CEO

A woman walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz

The asset management sector “needs consolidation” and has the potential for “quite a bit” of merger and acquisition activity, BlackRock Inc Chief Executive Officer Laurence Fink said at an investor day meeting in New York.

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