NEW YORK (Reuters) – BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity.
“The reality is in the world more than 50 percent of household wealth is managed by women,” said Fink, who spoke at the Bloomberg Global Business Forum in New York.
Mirror - Clients - Women - Firm
“And so if I’m going to be a mirror of my clients, we are going to need more women in our firm.”
BlackRock said this year that 39 percent of its employees are women, and that 43 percent of its total hires in 2016 and 29 percent of those brought on in senior leadership positions last year are women.
Investors - Desire - Savings - BlackRock - Rivals
Investors have increasingly signaled a desire for their savings, including those managed by BlackRock and its rivals, to reflect their values. As a major shareholder in most public companies, BlackRock...
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