Report: Kapito is the 'Most Likely' Successor to Fink
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Monday, November 12, 2007

Report: Kapito is the 'Most Likely' Successor to Fink

If Larry Fink were to take the top job at Merrill Lynch, who would be his most likely successor at BlackRock? Citing multiple sources, Pensions & Investments reports that BlackRock president Robert Kapito "would be most likely" to take the helm at the New York money manager if Fink moves on. Roger Smith, an equity analyst who covers BlackRock for investment bank Fox-Pitt Kelton Cochran Caronia Waller LLC, backs up the sources' thoughts, telling P&I reporter Mark Bruno that Kapito is more than qualified to take Fink's place.

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