Company Profile - BlackRock, Inc.
40 E. 42nd St.
New York, NY 10022Phone: 212-754-5660
Fax: 212-935-1370
Website: www.blackrock.com
Ticker Symbol: BLKKey Facts
Provides risk management services to portfolios with aggregate assets of more than $2 trillion.
Through its IPO, the public and BlackRock employees own approximately 16 percent and 15 percent, respectively, of the firm.
The company offers an annual four-week training course for incoming professionals, designed to give them an overview of the firm as well as in-depth classes for the particular departments they'll be assigned to.Key Financial Facts
2002 revenue: $577 million
1-yr. growth rate: 6 percentPersonnel Highlights
Number of employees (2001): 804
1-yr. growth rate: 11 percent
Company Overview
Founded in New York in 1988, BlackRock, Inc., provides financial services and products to customers worldwide. Acquired by PNC Bank in 1995, the company currently manages $273 billion in assets. The company focuses on developing products that meet the needs of taxable and tax-exempt clients.BlackRock manages $18 billion in mutual funds, which are available to both individual and institutional investors. BlackRock provides a variety of such funds, including money market, municipal bond, open-end, closed-end, taxable fixed income, and domestic and international equity funds. BlackRock also offers solutions risk management services and enterprise investment system outsourcing.
The company focuses on helping clients develop portfolios tailored to their specific needs. In addition to its New York headquarters, BlackRock has branch offices in Boston, Wilmington, Edinburgh, Hong Kong, and Tokyo. The Japan location is the result of a joint venture with Nomura Asset Management, Japan's largest investment manager.
BlackRock applies a team approach to managing assets for its clients, utilizing portfolio managers, account managers, risk managers, and administrators.
Major Line of Business : Mutual Funds & Brokerage
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