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Stock impact report

Larry Fink: 'I'm not planning to leave BlackRock anytime soon' [Yahoo! Finance Canada]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
For some time, investors have wondered when the 72-year-old Fink is going to step down. He co-founded the firm in 1988 and built it into a financial giant that now manages more than $11 trillion. Some potential successors have exited the firm recently , raising more questions about succession. They include Mark Wiedman, who had been head of BlackRock's global client business and now has a top job at PNC Financial Services Group ( PNC ). Another recent high-profile exit was Salim Ramji, who is now the chief executive of BlackRock rival Vanguard Group. "I'm not planning to leave BlackRock anytime soon," Fink told an audience at the firm's annual investor day in New York City, "so you don't have to have those questions later on." But he added that "a top priority" for himself and BlackRock President Rob Kapito is "working with the board" to make sure "we're developing the next generation of leaders for BlackRock." BlackRock under Fink is in the middle of a significant shift to Show less Read more
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