Skip to content
Subscriber Only
Markets

Fink Promises 30% More Black Employees at BlackRock by 2024

  • ‘We need to do better,’ says the head of fund giant BlackRock
  • Corporate America is stepping up diversity efforts amid unrest
Larry Fink

Larry Fink

Photographer: Justin Chin/Bloomberg
By

Updated on

BlackRock Inc. made one of the money-management industry’s boldest statements yet on racial diversity.

The world’s largest asset manager is committed to increasing its Black workforce by 30% by 2024, according to a LinkedIn blog post from Chief Executive Officer Larry Fink on Monday, as global protests pressure American companies to increase diversity in their management ranks. The firm will double its portion of senior leaders who are Black from its current 3% share, Fink wrote.