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The conversation also touched on recent leadership changes within the firm, including the departure of Mark Wheaton, head of the Global Client Business and a long-time executive. Fink described Wheaton’s decision to leave as a personal choice for a “new chapter” after over two decades at BlackRock.
In acknowledging Wheaton's contributions, Fink expressed confidence in BlackRock’s leadership bench, asserting that the firm has never been more equipped to handle such transitions. He conveyed a positive outlook on succession planning at BlackRock, indicating that the firm is prepared for future challenges, despite the bittersweet nature of Wheaton’s departure.