BlackRock's CEO Larry Fink has said the asset manager's high-performance culture "is not perfect" as he pledged to reset "behavioural expectations" amid harassment allegations.
"Just as we ask of other companies, we have a long-term strategy aimed at improving diversity, equity and inclusion," Fink wrote in a letter to shareholders. "I know our culture is not perfect," Fink added. "It depends on the contribution of 16,500 individuals. And in some cases, certain employees have not upheld BlackRock's standards. "I have made it clear to employees that we want to know when that happens, and those individuals don't have a place at BlackRock." BlackRock launches investigation in response to discrimination complaints Fink acknowledged that BlackRock, the worl...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
