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BlackRock appoints law firm to probe claims of discrimination and ‘machismo’ culture

BlackRock boss Larry Fink said he's 'deeply disturbed' by the reports of misconduct

By

David Ricketts

An internal investigation has been instructed at BlackRock, after two former employees wrote to chief executive Larry Fink in February saying they faced racial and sexual discrimination
An internal investigation has been instructed at BlackRock, after two former employees wrote to chief executive Larry Fink in February saying they faced racial and sexual discrimination Photo: Simon Dawson/Getty Images

BlackRock, the US asset manager, has instructed a law firm to investigate allegations of discrimination and sexual harassment made by current and former employees.

The world’s largest asset manager has asked New York law firm Paul, Weiss, Rifkind, Wharton & Garrison to conduct an internal review following two media reports which highlighted a string of sexual harassment and racial discrimination incidents.

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