Larry Fink, the anti-bitcoin CEO of BlackRock (world’s largest asset manager controlling $6.29 trillion), promoted senior managing director Mark Wiedman to oversee all of the firm’s international operations. Like his boss, Wiedman is a vocal crypto critic.
The new role makes Wiedman an heir apparent to the top job at BlackRock, the world’s largest asset manager and ETF provider.
In his new position, Wiedman will develop a global corporate strategy for BlackRock, the Financial News reported. Wiedman is now one of six BlackRock board members who are in line to succeed Larry Fink should he step down. For now, Fink, 66, has no plans to retire from BlackRock, which has more than $6 trillion in assets under management.