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Now this is the kind of coal you want in your stocking. BlackRock, already one of the world's largest money managers, agreed to buy Barclays Global Investors from UK banking giant Barclays for some $13 billion in June 2009. When the deal closes, the new company will be called BlackRock Global Investors, and will have nearly $3 trillion is assets. The merger will propel BlackRock to the top of the international money management industry and give the firm a larger footprint outside of the US. Barclays Bank will retain a 20% stake in the venture. BlackRock CEO Lawrence D. Fink, who has engineered a string of major acquisitions in recent years, will remain the leader of the new venture.
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| | | Contact Information | |
Address: |
40 E. 52nd St.
New York, NY 10022
| | Phone: | 212-810-5300 | | Fax: | 212-935-1370 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 5064.00 M | | Revenue Growth (1 yr): | 4.50% | | Employees (2008): | 5,341 | | Employee Growth (1 yr): | (-2.90%) |
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Key People
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Chairman and CEO:
Laurence D. Fink
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President and Director:
Robert S. (Rob) Kapito
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Vice Chairman and COO:
Susan L. Wagner
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