Categories: Business

“BlackRock will invest $60 billion in the Spanish economy”

The manager accelerates growth in Spain through third party alliances, mandates and new business lines.

The largest manager in the world, the only one with more ten billion dollars in assets under management, is experiencing one of the key moments in its history.

A few months after the completion of the GIP purchase transaction, which will also lead BlackRock to alternative assets, an investment fund giant led by Larry Fink meets 30 years of presence

The largest manager in the world, the only one with more ten billion dollars in assets under management, is experiencing one of the key moments in its history.

A few months after the completion of the GIP purchase transaction, which will also lead BlackRock to alternative assets, an investment fund giant led by Larry Fink meets 30 years of presence in Spain.

During this time, the manager has changed a lot. It has expanded its offering and diversified its business model with new lines of business, new alliances and several third-party mandates. From its headquarters in Madrid, where BlackRock employs 40 professionals, it conducts its business in Spain, Portugal and Andorra.

Louis Megias (Madrid, 1972) Since October last year he has been in charge of the subsidiary of the American firm in Spain, which is the fourth largest fund manager in the national market, behind only CaixaBank AM, Santander AM and BBVA AM, with 43.6 billion euros in resources. In addition, BlackRock has a stake in large Ibex 35 companies, in many cases being a major shareholder.

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