BlackRock’s chairman Tom Donilon said: “We’re in a new world order of geopolitical fragmentation.” Donilon manages almost $10 trillion in investments at BlackRock, making him the world’s biggest asset manager.
In BlackRock’s 2023 Global Outlook released two weeks ago, it was stated that “we’ve entered a new world order,” in which “geopolitical cooperation and globalization” are “evolving into a fragmented world with competing blocs.” The report noted that we are now in “the most fraught global environment since World War Two.”