BlackRock & Blackstone - Did You Know ?

Here's a couple of interesting facts you might not have known:

BlackRock was founded as BlackStone Financial Management within the private equity firm Blackstone Group in 1988. Larry Fink, BlackRock's founder and CEO, had joined Blackstone that year as a partner. The firms split in 1992.

Blackstone's name was founder Steve Schwartzman's invention, and reflected the ethnic roots of the firm's two original partners - schwarz is German and Yiddish for black, and peter (Pete Peterson), Greek for stone.

Source - King of Capital by David Carey and John E. Morris

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...