BlackRock CEO Fink forecasts consolidation in asset management industry

BlackRock CEO Fink forecasts consolidation in asset management industry

File photo of a BlackRock building in New York June 12, 2009. REUTERS/Eric Thayer

BlackRock Inc Chief Executive Officer Larry Fink, who runs the world’s largest asset manager, on Wednesday forecast a wave of mergers and acquisitions in asset management, but said his company may be limited for now to small deals.

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