Larry Fink

BlackRock: Aladdin-as-moat, ETF dominance via iShares acquisition

Larry Fink co-founded BlackRock in 1988 and serves as its chairman and chief executive. Under his leadership, BlackRock grew to manage over $10 trillion in assets, underpinned by two structural moats: Aladdin, a risk-analytics operating system licensed across the financial industry, and iShares, acquired from Barclays and now the world's largest ETF franchise. He is also known for his annual letters to chief executives advocating long-term value creation.