Fink Says BlackRock to Move Ahead With Business in Saudi Arabia - Bloomberg:
BlackRock Inc. Chief Executive Officer Larry Fink said his decision to withdraw from the upcoming conference in Saudi Arabia doesn’t mean his company will stop doing business with the country.
“It’s our intention at the moment to continue our relationships with Saudi," Fink said in a phone interview Tuesday. “It is our intention to continue to open an office in Saudi.”
Fink, who heads the largest asset manager, said the firm has relationships in countries around the world, including many where "we don’t approve of behaviors."
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