Mexican leftist candidate has “affable’ meeting with BlackRock’s Fink

https://www.reuters.com/article/us-mexico-election-blackrock/mexican-presidential-campaigns-meeting-with-blackrocks-larry-fink-idUSKBN1I81XI?utm_campaign=trueAnthem:+Trending+Content&utm_content=5af0fb4f04d30133d7ed41d7&utm_medium=trueAnthem&utm_source=twitter

Mexico’s presidential front-runner met BlackRock Inc Chief Executive Larry Fink on Monday, part of a push by the left-wing politician to reassure investors about his policies ahead of the July vote, and his team said the men clicked personally.

Andres Manuel Lopez Obrador, who is ahead by double digits in most major polls, has been openly fighting with some Mexican business leaders, and said he would review major energy contracts and a $13 billion airport project.

His campaign has met with multiple foreign fund managers in recent months to try and calm concerns about his policies, with aides telling investors that he is not opposed to foreign investment and markets.

BlackRock, the world’s largest asset manager, is heavily invested in Mexico and in November announced it would acquire the local asset management business of a Citigroup Inc subsidiary.

Fink met Lopez Obrador on Monday morning in Mexico City, the candidate’s adviser Carlos Urzua said, praising Fink’s understanding of the country.

“It was a very affable meeting. … There was an immediate click between them. They both left the meeting charmed,” said Urzua, who is Lopez Obrador’s pick for finance minister. BlackRock declined to comment on the content of the encounter.

The meeting follows a change in tone from Lopez Obrador in recent days after a series of clashes with business leaders over what he calls influence trafficking. On Monday, he said a private concession could salvage the $13 billion airport project he has previously threatened to scrap.

Markets have not reacted strongly to Lopez Obrador’s lead in the polls.

The peso has weakened more than 7 percent against the dollar since mid-April, but the fall is mostly in line with other emerging market currencies. Fund managers and companies warn the next few months could be more volatile, partly on concerns over Lopez Obrador’s economic policy.

BlackRock, which has $6.3 trillion in assets under management, engages with governments “irrespective of party affiliations,” the company said in a statement. Fink was a vocal supporter of President Enrique Pena Nieto’s economic reforms.

https://en.wikipedia.org/wiki/Laurence_D._Fink

He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than $6 trillion in assets under management.

Fink grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store. He earned a BA in Political Science from UCLA in 1974. Fink is also a member of Kappa Beta Phi.

————

“BlackRock is the largest money-management firm in the world with more than $6 trillion in assets under management.”

i guess the obvious question is..why?

“BlackRock, the world’s largest asset manager, is heavily invested in Mexico and in November announced it would acquire the local asset management business of a Citigroup Inc subsidiary.”

so..he needs to get his policies signed off by blackrock?

i call that a technocracy..

fink eh?..i wonder if his family was finkelsteins before ww2..

401

~ by seeker401 on May 17, 2018.

2 Responses to “Mexican leftist candidate has “affable’ meeting with BlackRock’s Fink”

  1. “BlackRock, which has $6.3 trillion in assets under management, engages with governments “irrespective of party affiliations,” ”

    And yet BlackRock met with one candidate who has one party affiliation. The party who works for BlackRock.

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