Fink a Good Fit for Merrill Lynch

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A familiar name is topping many Wall Street insiders’ lists for the next chief executive at Merrill Lynch & Co.


However, speculation that Laurence Fink is the favorite to replace Stan O’Neal, likely on the way out at the venerable brokerage firm Merrill Lynch & Co., Inc., MarketWatch.com reports

“His name comes up a lot on Wall Street,” said Rachel Barnard, a Morningstar analyst. “But the record he’s put up at BlackRock speaks for itself.”


Since taking the investment shop public in 1999 at some $14 a share, Fink has led an expansion that sent shares of BlackRock just north of its current $197 level. Much of that growth was spurred by Fink’s strategic shift from one of the industry’s most successful fixed-income houses to a more diversified stock- and bond-fund manager.


Last year, he led negotiations for an acquisition of Merrill Lynch’s asset-management business. The complex deal involved trading BlackRock’s broker-dealer assets to Merrill.


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