Finance Industry Faces Succession Challenges: JPMorgan and BlackRock Departures Spark Concerns
2025-01-18
Fortune on MSN.com
The recent departure of high-profile executives from JPMorgan and BlackRock has highlighted the complexities of succession planning in the finance sector. Mark Wiedman, a potential successor to CEO Larry Fink, is leaving BlackRock after 20 years, leaving questions about the company's future leadership. Experts say that succession in finance is particularly challenging due to the need for experience and expertise in a highly regulated industry, making it essential for companies to plan ahead and develop strong talent pipelines, including leadership development and succession planning strategies, to ensure continuity and minimize disruption.
