Larry Fink Appointed as Head of WEF: Showing BlackRock's Dominance

The World Economic Forum (WEF) recently appointed Larry Fink, CEO og BlackRock, as its interim co-chair, marking a significant moment that underscores the growing sway of BlackRock on the global economic stage. 

Tasked with guiding the WEF through a pivotal transition, Fink joins André Hoffmann, vice chairman of Roche Holding, in leading an influential platform that convenes business, government, and civil society. 

The forum, best known for its annual meeting in Davos, Switzerland, plays a vital role in shaping policy and fostering cooperation on economic and global challenges. 

Fink’s appointment reflects not only his personal stature but also BlackRock’s expanding reach into spheres where finance, policy, and international cooperation intersect.

The Appointment and Its Significance

On August 15, 2025, the World Economic Forum announced that Larry Fink would serve as interim co-chair of its board of trustees alongside André Hoffmann. This decision came in the wake of Klaus Schwab’s resignation as chairman earlier in the year and an investigation that cleared Schwab of any material wrongdoing following whistleblower allegations. 

Fink and Hoffmann have both been longstanding members of the WEF board, positioning them as experienced leaders who can steer the forum during what many characterize as a critical juncture.

The appointment highlights two intertwined narratives: the WEF’s attempt to renew its mission amid economic fragmentation and complexity, and BlackRock’s expanding role in global governance. 

Fink’s leadership is expected to help the forum promote collaboration that balances open markets with national priorities, seeking broader prosperity that includes workers and stakeholders worldwide.

Read Also: Blackrock CEO Larry Fink Declares Bitcoin an Asset Class Rivaling Gold

BlackRock's Expanding Influence in Global Finance and Governance

BlackRock, under Larry Fink’s leadership, is the world’s largest asset manager, overseeing approximately $10 trillion in assets. Its investment approach increasingly emphasizes environmental, social, and governance (ESG) factors, positioning the firm as a champion of sustainable finance. 

Fink’s role at the WEF amplifies BlackRock’s influence at the nexus of climate policy, economic recovery, and global investment trends.

BlackRock’s dominance extends beyond financial markets, penetrating policymaking circles where decisions about sustainability, regulation, and economic strategy are made. The WEF appointment elevates its visibility and ability to shape discussions on these critical issues. 

Moreover, BlackRock’s stewardship over vast portfolios gives it a unique vantage point on geopolitical risks, economic cycles, and emergent market trends. This real-world insight, when applied in forums such as the WEF, can drive pragmatic and systemic change.

The World Economic Forum’s Evolving Role

The WEF was founded in 1971 by Klaus Schwab as the European Management Forum and transformed over the decades into an annual conclave of global leaders from business, politics, and civil society. 

Despite facing criticism as an elitist and closed environment, the forum remains a key venue for dialogue on pressing global issues, including inequality, migration, digital innovation, and climate change.

Fink and Hoffmann’s interim leadership signals a period of reinvention aimed at increasing transparency, institutional rigor, and relevance. 

The WEF continues to build on strong partnerships with organizations like the United Nations and the World Bank, promoting coordinated efforts to address geopolitical fragmentation, trade disputes, and the challenges of globalization in a multipolar world.

What Larry Fink’s Appointment Means for the Future of Global Economic Policy

Fink’s interim co-chair role promises to amplify BlackRock’s voice in critical discussions around economic resilience, sustainability, and social equity. 

Given BlackRock’s reputation for data-driven investment and advocacy for stakeholder capitalism, the WEF may see an intensification of policies supporting responsible business conduct and greater alignment between private capital and public interest goals.

However, the appointment also invites scrutiny about concentrated power in global governance and questions about how inclusive and representative decision-making balances will be. 

Fink’s stewardship will be closely watched for how effectively the WEF navigates these tensions while advocating for international collaboration in increasingly complex economic times.

Conclusion

Larry Fink’s elevation to interim co-chair of the World Economic Forum embodies the increasing integration of major financial institutions like BlackRock into the fabric of global governance. 

His appointment is both a reflection of BlackRock’s market dominance and a strategic move by the WEF to strengthen its leadership amidst global economic uncertainty. 

As the forum evolves to meet contemporary challenges, Fink’s role will be pivotal in shaping dialogues that influence markets, policy, and sustainable growth worldwide. The intersection of finance and global cooperation, embodied in part by this leadership change, sets the stage for the WEF’s renewed mission in the years ahead.

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FAQ

Who is Larry Fink?

Larry Fink is the CEO of BlackRock, the world’s largest asset management firm, known for his focus on sustainable investing and global finance leadership.

What is the World Economic Forum?

The WEF is an international organization that convenes business, government, and civil society leaders to discuss and address global economic, political, and social challenges.

What does Larry Fink’s appointment as interim co-chair mean?

It means Fink will co-lead the WEF board through a transition period, influencing the forum’s strategic direction and reinforcing its mission for international collaboration.

Why did Klaus Schwab step down?

Schwab resigned earlier in 2025, with the WEF board later clearing him of any material wrongdoing following an investigation into allegations.

How does BlackRock benefit from Fink’s WEF role?

The role enhances BlackRock’s voice in global policy discussions, increasing its influence over sustainability, economic, and regulatory agendas.