![]() ![]() ![]() The adjustments exclude the compensation expense impact of mark-to-market volatility associated with certain deferred cash compensation plans and the nonoperating impact of an economic hedge, which the company began in 2023. I'll be focusing primarily on our as-adjusted results.Īs a reminder, beginning in the first quarter of 2023, we updated our definitions of as adjusted operating income, operating margin, nonoperating income and net income. Our earnings release discloses both GAAP and as-adjusted financial results. Before I turn it over to Larry, I'll review our financial performance and business results. It's my pleasure to present results for the second quarter of 2023. Thanks, Chris, and good morning, everyone. So with that, I'll turn it over to Martin. BlackRock assumes no duty and does not undertake to update any forward-looking statements. We call your attention to the fact that BlackRock's actual results may, of course, differ from these statements.Īs you know, BlackRock has filed reports with the SEC, which lists some of the factors that may cause the results of BlackRock to differ materially from what we say today. Before we begin, I'd like to remind you that during the course of this call, we may make a number of forward-looking statements. I'm Chris Meade, the General Counsel of BlackRock. Kapito and General Counsel, Christopher J. Our host for today will be Chairman and Chief Executive Officer, Laurence D. Second Quarter 2023 Earnings Teleconference. At this time, I'd like to welcome everyone to the BlackRock, Inc. My name is Katie, and I will be your conference facilitator today. Cyprys Executive Director and Senior Research Analyst Morgan Stanley, Research Division Presentation Brown MD Keefe, Bruyette, & Woods, Inc., Research Division Kenneth Brooks Worthington MD JPMorgan Chase & Co, Research Division Robert Steven Kapito President & Director BlackRock, Inc.īrian Bertram Bedell Director in Equity Research Deutsche Bank AG, Research DivisionĬraig William Siegenthaler MD and Head of the North American Asset Managers, Brokers & Exchanges Team BofA Securities, Research Division Martin Small Senior MD, CFO & Global Head of Corporate Strategy BlackRock, Inc. ![]() Laurence Douglas Fink Chairman & CEO BlackRock, Inc. in 1974.Christopher Joseph Meade Senior MD, General Counsel & Chief Legal Officer BlackRock, Inc. from the University of California at Los Angeles (U.C.L.A.) in 1976 and a B.A. He also serves on the advisory board of the Tsinghua University School of Economics and Management in Beijing and on the executive committee of the Partnership for New York City. In addition, he serves on the boards of the Museum of Modern Art, the Council on Foreign Relations and the International Rescue Committee. He serves as a member of the board of trustees of New York University (N.Y.U.) and the World Economic Forum, and is co-chairman of the NYU Langone Medical Center board of trustees. ![]() Prior to founding BlackRock in 1988, Fink was a member of the management committee and a managing director of The First Boston Corporation. BlackRock’s mission is to help their clients build better financial futures and the firm is trusted to manage more money than any other investment company in the world. He and seven partners founded BlackRock in 1988, and under his leadership the firm has grown into a global leader in investment and technology solutions. Fink is chairman and chief executive officer of BlackRock. ![]()
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