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  • Mark Wiedman, a top BlackRock executive, is leaving the asset management firm.
  • Wiedman was seen as a potential successor to CEO Larry Fink at BlackRock.
  • He is leaving to pursue opportunities outside the firm, a source said.

Top BlackRock executive Mark Wiedman, who was considered a potential successor to CEO Larry Fink, is leaving the world’s largest asset manager, according to a person familiar with the matter.

Wiedman, who most recently led BlackRock’s global client business, was one of two senior executives that insiders at the $11.5 trillion firm considered most likely to replace Fink, Business Insider previously reported.

Wiedman has chosen to pursue opportunities outside the firm and will stay on through the spring, the person familiar with the matter said.

A veteran of BlackRock who has been with the firm for two decades, Wiedman joined from the US Treasury Department and rose up the ranks. He was responsible for the integration and growth of its ETF business, iShares, and helped establish FMA, the firm’s influential consulting arm. The Financial Times earlier reported his planned departure.

Fink, who turned 72 in November, had a blockbuster year in 2024, announcing three big acquisitions in hopes of bringing BlackRock closer to dominating the world of private markets. In December, BlackRock said it was set to buy HPS Investment Partners, a private credit behemoth managing $148 billion.

Fink, who cofounded BlackRock in 1988, has been more vocal over the last year about the firm’s growth plans than about who he plans to pass the business on to. The news of Wiedman’s exit comes a day before BlackRock is set to report its fourth-quarter earnings.

Rob Goldstein, the firm’s chief operating officer, along with Wiedman, has been named as a potential successor to Fink. Other names in the mix have included Martin Small, the chief financial officer and global head of corporate strategy, and Rachel Lord, who runs the Asia-Pacific business.



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