![]() Looking forward, the United States will continue to engage the private sector to orient around investment opportunities in emerging markets. Participants included IPEF Government Officials and Co-CEO of KKR Joseph Bae Chairman and CEO of BlackRock Larry Fink CEO of Citi Jane Fraser Founder and Chairman of Fortescue Andrew Forrest Founding Partner of Global Infrastructure Partners Matthew Harris Founding Partner, Chairman and CEO of Global Infrastructure Partners Adebayo Ogunlesi President, CIO and CFO of Alphabet and Google Ruth Porat Founder and CEO of RockCreek Afsaneh Beschloss and Founding Partner and Executive Chair of TPG Jim Coulter. ![]() Secretary of Commerce Gina Raimondo and Senior Advisor to the President Amos Hochstein hosted the PGI IPEF Investment Forum to discuss collaborative actions and shared priorities to increase private investment in the Indo-Pacific. To help realize that future, the Partnership for Global Infrastructure and Investment (PGI) and Indo-Pacific Economic Framework for Prosperity (IPEF), will work with IPEF partners and the private sector to scale high-standard investments, create more resilient economies, and drive long-term sustainable development. The United States is committed to an Indo-Pacific that is free and open, connected, prosperous, secure, and resilient. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””. ![]() BlackRock is the world's largest asset management firm and the largest ETF provider with unparalleled sway in other companies' boardrooms as a significant shareholder through its funds. With that designation would come more aggressive oversight as more pieces of the global financial system, like lending to businesses, migrate to money managers from banks. BlackRock and its competitors have for years lobbied to avoid being labeled as what's known as globally systemically important financial institutions. This month, US financial regulators said they were laying the groundwork to increase oversight of asset managers and other so-called non-banks like private equity funds. ![]() A BlackRock spokesperson declined to comment on Friday.īlackRock may also face new regulatory challenges. The firm has defended itself, pointing to its fiduciary duty to invest on behalf of clients in their best interests, not advocate for political or social outcomes. Kelly wrote that in the US, the $9.1 trillion firm faces "growing pressures on our reputation and a complex set of policy challenges that are evolving daily against an especially intense and divisive political environment." The firm must "adjust our strategy and deploy more resources to meet these challenges," he said, as "few enterprises face more immediate challenges in the US than BlackRock."Ī coordinated effort to pressure BlackRock and chief executive Larry Fink over ESG strategy has extended across Florida, Texas, Louisiana, South Carolina, and other states. BlackRock is reshaping a key team that handles relationships with government officials and regulators as a US presidential election year approaches and lawmakers continue to scrutinize BlackRock. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |