New Delhi, July 7 -- Larry Fink, chief executive of BlackRock, has expressed concern about the direction of New York City under Mayor Zohran Mamdani, saying the asset management giant could shift more of its US operations to other locations if the city's business environment deteriorates.

Speaking at the Aspen Institute's Ideas Festival, Fink said BlackRock may choose to deploy a larger share of its American resources outside New York if economic conditions worsen. He cited concerns over taxation, the quality of public services and the city's long-term financial outlook, while adding that he had not yet spoken with Mamdani since his election victory.

Fink told CNN: "I'm worried about New York. We have globally about 25,000, 26,000 emplo...