He was successful at the bank until 1986, when his department lost $100 million due to his incorrect prediction about interest rates. įink added "by some estimates" $1 billion to First Boston's bottom line. At First Boston, Fink was a member of the management committee, a managing director, and co-head of the Taxable Fixed Income Division he also started the Financial Futures and Options Department, and headed the Mortgage and Real Estate Products Group. Career 1970 to 2000 įink started his career in 1976 at First Boston, a New York-based investment bank, where he was one of the first mortgage-backed security traders and eventually managed the firm's bond department. He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976. He earned a BA in Political Science from UCLA in 1974. He grew up one of three children in a Jewish family in Van Nuys, California, where his mother Lila (1930-2012) was an English professor and his father Frederick (1925-2013) owned a shoe store. Early life and education įink was born on November 2, 1952. He sits on the boards of the Council on Foreign Relations and World Economic Forum. In April 2022, Fink's net worth was estimated at US$1 billion according to Forbes Magazine. BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management. He is the current chairman and CEO of BlackRock, an American multinational investment management corporation. Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. BancWest Investment Services is a wholly owned subsidiary of BMO Harris Bank N.A.University of California, Los Angeles ( BA, MBA) and its various affiliates and subsidiaries are not tax or legal advisors. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC, and SEC Registered Investment Adviser. and its various affiliates and subsidiaries. Relationship Pricing Discounts may be available for eligible Bank of the West deposit customers, Bank of the West Global Investment Fiduciary Solutions investment clients, and investment customers of BancWest Investment Services (ask us for details).īank of the West Wealth Management offers products and services through BMO Harris Bank N.A. All terms and conditions applicable to the checking or savings account apply, including fees and minimum opening deposits. For adjustable rate mortgages, the discount is applicable only during the initial fixed-rate period. Additional fees, conditions, and restrictions may apply.ġAutomatic payments discount of 0.125% off the standard rate requires applicants to establish automatic monthly payments from their new or existing Bank of the West personal checking or savings account. BMO branded products and services do not qualify and are not eligible for the offers contained herein.Īll loans subject to credit approval and standard mortgage qualifications and underwriting requirements. To qualify, all accounts must be branded Bank of the West.
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