Building New Financial Products with BlackRock's Stephen Cohen
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 12 December 2025
⏱️ 66 minutes
🧾️ Download transcript
Summary
Barry speaks with BlackRock’s Chief Product Officer and Head of Global Product Solutions Stephen Cohen. They discuss launching new investment products and the trajectory of ETFs. Stephen also discusses the crossover between public and private markets, cryptocurrency wrappers, and working with portfolio managers to develop new strategies and ideas.
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Transcript
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| 0:00.0 | I'm Hannah Frye and I'm on a mission to find out about a mysterious day called Q Day, |
| 0:06.3 | which experts think could be the moment our most precious encrypted data is suddenly at risk. |
| 0:12.6 | Learn more later in the podcast. |
| 0:15.1 | Hello and welcome. |
| 0:16.8 | This is the Michelle Hussein show. |
| 0:19.3 | I'm Michelle Hussein. |
| 0:20.8 | I speak with people like Elon Musk. |
| 0:23.2 | I think I've done enough. And Shonda Rhymes. That's so cute. This will be a place where every weekend you can count on one essential conversation to help make sense of the world. |
| 0:33.7 | So please join me. Listen and subscribe to the Michelle Hussein show from Bloomberg |
| 0:39.5 | Weekend, wherever you get your podcasts. You certainly ask interesting questions. |
| 0:47.6 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:55.3 | This is Masters in Business with Barry Rittoltz on Bloomberg Radio. |
| 1:02.6 | This week on the podcast, another banger. |
| 1:06.0 | Steve Cohen is BlackRock's chief product officer and head of product solutions. |
| 1:11.0 | BlackRock runs $3.5 trillion. |
| 1:13.1 | They're the world's largest asset manager. |
| 1:15.8 | Their I shares ETF division is over $5 trillion. |
| 1:20.8 | There are a few people in the world better situated to identify what is happening in the world of asset and wealth management than Steve |
| 1:29.6 | Cohen, not just fixed income, active, index, Bitcoin, digital assets. |
| 1:37.2 | They're also moving into privates and alternatives, whether that's an ETF or just part |
| 1:42.7 | of that platform is something else entirely. |
| 1:45.0 | I thought this conversation was fascinating, and I think you will also, with no further ado, |
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