BlackRock’s Organizational Structure
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BlackRock Inc. is an American multinational investment management corporation that was founded in 1988 by a group of four individuals, including Larry Fink, in New York City. The company initially began as a fixed-income asset manager, and over time expanded into other areas, including equity and alternative asset classes. Today, BlackRock is one of the largest investment management companies in the world, with over $9 trillion in assets under management.
BlackRock’s operations are focused on providing investment management, risk management, and advisory services to institutional and individual investors worldwide. Its client base includes pension funds, endowments, foundations, governments, insurance companies, and individual investors. The company’s investment products are distributed through a variety of channels, including financial advisors, banks, and institutional clients.
In recent years, BlackRock has continued to expand its operations through strategic acquisitions and partnerships, including the acquisition of Barclays Global Investors in 2009, which solidified its position as the world’s largest asset manager.
BlackRock’s Organizational Leadership
BlackRock’s day-to-day operations are overseen and led by the Global Executive Committee, a group of senior leaders that is collectively responsible for setting the automaker’s strategy and executing the directives of its board.
Today, the organization is led by the Chairman and CEO, who is supported by the President. The Chairman and CEO is also reported to directly by other members of the Global Executive Committee, which is a mixture of C-level roles and heads of the organization’s various business units, such as Technology & Operations and BlackRock Global Markets.
BlackRock is also overseen by a board of directors, which is the governing body of the company. The board is elected by stockholders, with members often selected for their expertise in a particular area or their industry connections.
As with many boards, BlackRock largely holds an advisory role, but some do have wide-reaching powers, duties, and responsibilities as stipulated by corporate law and government regulations, particularly in heavily regulated industries such as finance and pharma.
BlackRock’s Organizational Structure
BlackRock appears to operate with a divisional organizational structure, where key segments of the business are separated according to their individual focus areas and have their own leadership.
This is because the company’s Global Executive Committee includes several ‘Head of’ roles, such as the Head of BlackRock Alternatives and the Head of the Portfolio Management Group. It also appears that BlackRock operates with elements of a geographic structure because there are also individual heads of three regions: Greater China, Middle East and Africa, and Asia Pacific.
The benefit of operating with a functional structure is specialization. Each of BlackRock’s key operational areas has its own specialized leadership and departments within, which can focus highly on the niche areas relevant to their work, rather than focusing more generally on a variety of areas that aren’t relevant.
This means that employees within these functional areas are more skilled in the tasks that they do, and that they also benefit from clear lines of management and an understanding of their own roles and the roles of their colleagues.
A functional organizational structure is one of many different types of org structure that modern businesses use to streamline their operations. Want to learn more about them and the role that they play today? Here are some helpful blog resources that you can get started with:
Create this chart in Organimi!
You can download the CSV file of BlackRock’s org structure, import it into Organimi and start editing this chart right away! Here’s how:
- From your dashboard, select Data Import.
- Click the CSV tile.
- Click +Upload Your File.
- Select an Excel file from your device.
- In the Organization field, click the down arrow to select an organization.
- Click Create a New Chart
- Click Next and select: Organization Chart
- Select the auto-build tool to automatically build your chart.
Download CSV file:
BlackRock (42.33 KB)
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