BlackRock, Inc. is the world’s largest asset management company and a leading provider of financial technology, managing over $12.5 trillion in assets as of late 2025. The company is headquartered in New York City and serves a diverse range of clients, including institutions, governments, and individual investors, in over 100 countries.
Nov 26 (by Ross Kerber — Reuters) – New York City Comptroller Brad Lander is urging city pension fund officials to re-bid $42.3 billion managed by BlackRock, saying the fund manager has deprioritized climate concerns.
It marks the first major move by a Democratic official to counter pressure on financial companies from Republican allies of the fossil-fuel industry.
Lander’s term ends on Dec. 31. His recommendation, announced Wednesday, opens new tab, could put Mayor-elect Zohran Mamdani in the hot seat when he takes office in about five weeks. BlackRock has indicated it will seek to keep the business, and Mamdani’s appointees to key positions will influence the pension boards that decide where to invest retirement funds for some 800,000 current and former city employees.
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