BlackRock to Hire 1,200 Professionals to Expand AI Capabilities in India
New Delhi: World’s largest money management firm BlackRock Inc., founded by Larry Fink is all set to recruit 1,200 people to two support centres in India. The reports have revealed that there is also an intention of the company to strengthen its artificial intelligence in the country. Since BlackRock is the world’s largest asset management firm, Larry Fink, as the company’s CEO, controls assets of currently around USD 7.4 trillion. As per the information given, it has also been revealed that BlackRock International is recruiting employees for iHubs, or as they are commonly called as, in Mumbai and Gurugram, a city close to New Delhi.
BlackRock is also set to assume about 1,500 so-called global capabilities centre staff in Bangalore, through the acquisition of the data firm, Preqin, the sources added.
This indicates that the BlackRock has a market capitalization of Rs 12.808 trillion and stands in the 102 nd position in the global rank according to the data of December 2024. The added employees will increase the total number of staffs within this sector by approximately 33 percent and become a part of around 3500 employees in Gurugram and Mumbai.
BlackRock plans to construct its AI unit and will recruit engineers and data specialists once the plans are finalised, the individuals stated. An official of the New York-based firm did not preach and read on the specific employment intentions.
It was once more or less operating as a back office destination, but today, India has become famous for GCC’s – engineering and legal talent, ranging from banking to pharma. Ernst & Young group indicated in its report that India’s GCC market is set to hit $110 billion by 2030, with more than 4.5 million workforce.
All You Need to Know About BlackRock Founder Larry Fink
Fink took over from Morgan Stanley to become the BlackRock chairman and chief executive officer. He along with his seven partners founded BlackRock in 1988.
He has steered the firm to be among the world’s leading providers of investments and technologies.
In essence, the mission of BlackRock is to help the clients of the company to achieve better financial tomorrow
It is also expected to manage more money than any other investment company in the world.
He was also member of the management committee and a managing director of The First Boston Corporation.
Currently he is the member of the Board of Trustees of the World Economic Forum is also likes to Co-Chair NYU Langone Medical center Board of Trustees.
Besides, he is a member of the board of trustees of the Museum of Modern Art as well as the International Rescue Committee.
He is also a member of the Advisory Board of the School of Economics and Management, Tsinghua University, Beijing, and the Executive Committee of the Partnership for New York City.
Fink has a MBA from the University of California at Los Angeles (UCLA) and a BA from the same university- UCLA and the degrees were earned in 1976 and 1974 respectively.
Leading global financial institutions including JPMorgan Chase & Co., HSBC Holdings Plc and Apollo Global Management Inc have establishments in India which have a large number of employees. As of the social networking site, Goldman Sachs has invested significantly in its GCCs in Bengaluru and Hyderabad, which are staffed by nearly 9,000 people.