Published December 04, 2012
Laurence Fink, chief executive of BlackRock, the world's biggest money manager, said on Tuesday he is not seeking a job in the administration of Barack Obama.
"I am not leaving this job," Fink told investors at the Goldman Sachs Financial Services Conference in New York. "I will be at BlackRock as long as my board wants me here."
Fink has at times been rumored as a potential candidate to replace U.S. Treasury Secretary Timothy Geithner.
"It's like a myth," Fink said of the recurrent rumor. "I am happy where I am."
Fink has headed New York-based BlackRock since it was founded as a fixed-income oriented shop in 1988. Through a series of acquisitions and strong asset growth, Fink has helped build the firm into an industry titan with almost $4 trillion of assets under management.
(Reporting by Aaron Pressman; Editing by Bernard Orr)