BlackRock vs JPMorgan Chase: Founders, CEOs and History
BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner and is led by Larry Fink. JPMorgan Chase was founded in 1799 by Aaron Burr, Alexander Hamilton, John Pierpont Morgan and is led by Jamie Dimon.
Company facts
BlackRock
- Founded
- 1988
- Headquarters
- New York, NY
- Current CEO
- Larry Fink
- Employees
- 24,900
JPMorgan Chase
- Founded
- 1799
- Headquarters
- New York, New York
- Current CEO
- Jamie Dimon
- Employees
- 318,512
Founders
BlackRock
Larry Fink
Fink joined First Boston in 1976 and became one of its youngest managing directors, running a mortgage-bond desk that was highly profitable until a 1986 interest-rate move cost it about $100 million.
Robert S. Kapito
Kapito worked alongside Fink at First Boston and joined him in founding BlackRock in 1988.
Susan Wagner
Wagner ran many of the functions that let a small bond shop grow into a global firm, including strategy, corporate development and operations.
Barbara Novick
For roughly BlackRock's first two decades Novick ran its global client business, winning the institutional mandates that funded the firm's early growth.
Ben Golub
Golub led much of the quantitative work behind BlackRock's risk-first approach, building analytics for mortgage prepayment, interest-rate and credit risk that became central to Aladdin.
Hugh Frater
Frater was one of the mortgage specialists who helped launch BlackRock's fixed income business and held senior roles at the firm before leaving.
Ralph Schlosstein
Schlosstein brought corporate finance and public policy experience to the founding team; before Lehman he worked at the US Treasury and on the White House domestic policy staff during the Carter administration.
Keith Anderson
Anderson ran BlackRock's fixed income investing for two decades, the core of the firm until iShares arrived with the 2009 BGI deal, and sat on its executive committee. In 2008 he left to become Chief Investment Officer of Soros Fund Management.
JPMorgan Chase
Aaron Burr
Aaron Burr, the New York lawyer and politician who later served as U.S. vice president, led the 1799 effort to charter the Manhattan Company.
Alexander Hamilton
Alexander Hamilton, the first U.S. Treasury Secretary, is linked to JPMorgan Chase's history through his involvement in the 1799 Manhattan Company charter effort alongside Aaron Burr.
John Pierpont Morgan
J. Pierpont Morgan co-founded Drexel, Morgan & Co. with Anthony Drexel in 1871, the partnership that became J.P. Morgan & Co. in 1895. The firm financed railroads and organized industrial combinations such as U.S. Steel in 1901.
CEOs and their tenures
BlackRock
- Larry Fink1988–present
Chairman and Chief Executive Officer
Fink co-founded BlackRock in 1988 and has run it for its entire history, taking it from a bond boutique to the world's largest asset manager.
Source - Susan Wagner1988–2012
Co-Founder, Chief Operating Officer and Vice Chairman
Co-founder who led strategy, corporate development and operations, including BlackRock's side of the MLIM merger and the BGI acquisition, before retiring from management in 2012 and joining the board.
Source - Robert S. Kapito2007–present
President
Co-founder who long ran BlackRock's Portfolio Management Group across fixed income, equity, liquidity and alternatives before becoming President in 2007, overseeing day-to-day operations.
Source - Rob Goldstein2014–present
Chief Operating Officer
Named COO in 2014 after running BlackRock's global institutional client business; oversees operations across the firm and sits on the management committee created in 2025.
Source - Martin Small2023–present
Chief Financial Officer
CFO since 2023; leads financial planning and investor reporting and has laid out the 2030 targets for private markets, technology and digital asset revenue on earnings calls.
Source - Adebayo Ogunlesi2024–present
Chairman and CEO, Global Infrastructure Partners
Founder of GIP who joined BlackRock's leadership when the deal closed in October 2024; leads its infrastructure business, including the Aligned Data Centers and AES transactions.
Source
JPMorgan Chase
- William B. Harrison Jr.2000–2005
Former Chairman and Chief Executive Officer
Harrison's tenure connects the creation of modern JPMorgan Chase with the leadership structure that followed. He oversaw the first stage of integrating Chase and Morgan, then added Bank One's consumer and middle-market operations.
Source - Jamie Dimon2006–present
Chairman and Chief Executive Officer
Dimon's tenure established the operating and risk framework associated with JPMorgan Chase's scale. The company combines Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management rather than relying on one earnings engine.
Source - Jeremy Barnum2021–present
Chief Financial Officer
He oversees capital, liquidity and financial reporting for a $4.9 trillion balance sheet.
Source - Doug Petno2026–present
Co-President and CEO, Commercial & Investment Bank
He oversees JPMorgan's largest segment by managed revenue, which produced $78.5 billion in FY2025.
Source - Troy Rohrbaugh2026–present
Co-President and CEO, Consumer & Community Banking
He now runs the Chase consumer franchise, which produced $76.0 billion of FY2025 managed revenue.
Source
Timeline: BlackRock and JPMorgan Chase side by side
1799JPMorgan Chase
Manhattan Company Chartered
Aaron Burr and Alexander Hamilton led the effort to obtain a New York charter for the Manhattan Company.
1871JPMorgan Chase
Drexel, Morgan & Co. Formed
J. Pierpont Morgan and Anthony Drexel formed Drexel, Morgan & Co. in New York. The partnership developed into J.P. Morgan & Co., creating the Morgan banking lineage that would remain separate from Chase until the companies combined in 2000.
1907JPMorgan Chase
Panic of 1907
During the Panic of 1907, J. Pierpont Morgan organized bankers and other private participants to support strained financial institutions. The episode became a defining part of the Morgan firm's history in an era before the Federal Reserve existed.
1955JPMorgan Chase
Chase Manhattan Created
The Bank of the Manhattan Company merged with Chase National Bank to form Chase Manhattan Bank. This combination joined the firm's oldest 1799 predecessor with the Chase name and created the institution that later merged with J.P. Morgan.
1988BlackRock
Founded inside the Blackstone Group
Larry Fink and seven partners start Blackstone Financial Management, a bond and risk-management unit backed by a $5 million credit line from the Blackstone Group.
1992BlackRock
Renamed BlackRock
The business takes the BlackRock name and ends the year managing about $17 billion in assets.
1994BlackRock
Sold to PNC for $240 million
After a dispute over equity for new hires, Blackstone sells BlackRock to PNC, which becomes its long-term majority owner.
1999BlackRock
NYSE IPO
BlackRock lists on the New York Stock Exchange on October 1, 1999, at $14 per share.
2000BlackRock
BlackRock Solutions launched
BlackRock starts selling its internal risk analytics, later known as Aladdin, and advisory services to other institutions.
2000JPMorgan Chase
Chase and J.P. Morgan Merge
Chase Manhattan and J.P. Morgan & Co. completed their merger, combining commercial and consumer banking with investment banking and institutional services. JPMorgan Chase identifies this transaction as the formation of the modern company.
2004JPMorgan Chase
Bank One Merger
JPMorgan Chase completed its $58.546 billion stock-for-stock merger with Bank One on July 1.
2006BlackRock
Merger with Merrill Lynch Investment Managers
The MLIM deal adds equity, retail and international businesses and gives Merrill Lynch a stake of nearly half of BlackRock.
2006JPMorgan Chase
Jamie Dimon Becomes CEO
Jamie Dimon succeeded William B. Harrison Jr. as chief executive on January 1. Dimon had joined JPMorgan Chase as president and chief operating officer when the Bank One merger closed and became chairman one year after becoming CEO.
2008BlackRock
Hired to manage crisis assets
The Federal Reserve Bank of New York hires BlackRock to manage the Maiden Lane portfolios taken over from Bear Stearns and AIG.
2008JPMorgan Chase
Bear Stearns Acquired
JPMorgan Chase completed its acquisition of Bear Stearns during the financial crisis.
2008JPMorgan Chase
Washington Mutual Operations Acquired
After Washington Mutual Bank entered FDIC receivership, JPMorgan Chase paid $1.9 billion to acquire its banking operations, including assets, deposits, and qualified financial contracts under the transaction terms.
2009BlackRock
Acquires Barclays Global Investors and iShares
BlackRock closes its purchase of BGI on December 1, 2009, becoming the world's largest asset manager and taking over the iShares ETF business.
2020BlackRock
PNC exits its stake
PNC sells its roughly 22% stake in BlackRock, leaving the company without a large controlling shareholder.
2023BlackRock
Moves headquarters to 50 Hudson Yards
BlackRock moves its New York headquarters to the 50 Hudson Yards tower on Manhattan's West Side.
2023JPMorgan Chase
First Republic Acquired from FDIC
JPMorgan Chase acquired the substantial majority of First Republic Bank's assets and assumed deposits and certain liabilities from the FDIC.
2024BlackRock
iShares Bitcoin Trust launch and GIP deal
BlackRock launches the iShares Bitcoin Trust in January and closes the roughly $12.5 billion purchase of Global Infrastructure Partners on October 1.
2025BlackRock
HPS deal and record inflows
BlackRock completes the HPS Investment Partners and Preqin acquisitions, then ends the year with a record $698 billion of net inflows and $14 trillion in AUM.
2025JPMorgan Chase
FY2025 Net Revenue of $182.447B
JPMorgan Chase reported U.S. GAAP total net revenue of $182.447 billion and net income of $57.048 billion. Its managed, fully taxable-equivalent segment presentation reported $185.581 billion of total net revenue across CCB, CIB, AWM, and Corporate.
2026BlackRock
AUM passes $15 trillion
AUM reaches a record $15.3 trillion at June 30, 2026, and a GIP-backed consortium closes the $40 billion acquisition of Aligned Data Centers in July.
2026JPMorgan Chase
Chase to Become Apple Card Issuer
On January 7, 2026 Apple and Chase announced that Chase will replace Goldman Sachs as Apple Card issuer over about 24 months.
2026JPMorgan Chase
Co-Presidents Named
Doug Petno and Troy Rohrbaugh were named co-presidents in June 2026, and Marianne Lake announced her retirement.
Acquisitions
BlackRock
- Preqin2025$3.2B
- HPS Investment Partners2025$12B
- Global Infrastructure Partners (GIP)2024$12.5B
- Aperio Group2021$1.1B
- eFront2019$1.3B
- Barclays Global Investors (BGI) and iShares2009$13.5B
JPMorgan Chase
- First Republic Bank2023$10.6B
- The Bear Stearns Companies Inc.2008$1.5B
- Washington Mutual banking operations2008$1.9B
- Bank One Corporation2004$58.5B
- J.P. Morgan & Co.2000Undisclosed
Questions about BlackRock vs JPMorgan Chase
Who is the CEO of BlackRock, Inc. and JPMorgan Chase & Co.?
BlackRock, Inc. is led by Larry Fink and JPMorgan Chase & Co. is led by Jamie Dimon. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was BlackRock, Inc. founded vs JPMorgan Chase & Co.?
JPMorgan Chase & Co. was founded in 1799 — 189 years before BlackRock, Inc., which was founded in 1988. JPMorgan Chase & Co.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger BlackRock, Inc..
How many employees does BlackRock, Inc. have compared to JPMorgan Chase & Co.?
BlackRock, Inc. employs approximately 24,900 people, while JPMorgan Chase & Co. employs approximately 318,512. JPMorgan Chase & Co. has the larger workforce at 318,512 employees, compared to BlackRock, Inc.'s 24,900. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are BlackRock, Inc. and JPMorgan Chase & Co. headquartered?
Both BlackRock, Inc. and JPMorgan Chase & Co. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded BlackRock, Inc. and JPMorgan Chase & Co.?
BlackRock, Inc. was founded by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, Keith Anderson. JPMorgan Chase & Co. was founded by Aaron Burr, Alexander Hamilton, John Pierpont Morgan.
Which company has a longer operating history — BlackRock, Inc. or JPMorgan Chase & Co.?
JPMorgan Chase & Co. has been operating for approximately 227 years, making it the more established of the two companies. BlackRock, Inc. has been in operation for around 38 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the BlackRock vs JPMorgan Chase overview