Why Are So Many Top Executives Leaving BlackRock? – Business News – CNBC

Why Are So Many Top Executives Leaving BlackRock? – Business News – CNBC.

nader nazemi

BlackRock, under Larry Fink (pictured), has become a behemoth in the asset management business, but a string of departures of top staff has raised questions about the direction of the firm.

A series of high-level departures from BlackRock this month has raised questions about the direction of the world’s largest money manager.

Coming in rapid succession over the past two weeks, the departures included Susan Wagner, a founding partner and vice chairman, who will retire at the end of June, and Robert Capaldi, who has already left and was senior client strategist for Chief Executive Laurence Fink.

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