Fearless Girl to stare down New York's stock exchange

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"This move to a new location will ensure that her message and impact will continue to be heard, as well as improve access for visitors".

Due to its popularity, New York City Mayor Bill De Blasio extended the statue for a year in a contract that expired April 2.

Thomas Farley, president of the New York Stock Exchange, said in the same statement that the exchange would be a "fitting home" for "Fearless Girl".

The 4-foot bronze statue was originally installed by State Street Global Advisors, the financial services company, on the eve of International Women's Day in March 2017, with an aim to call attention to the role of women in corporate America. But now it will remain in New York City permanently, at the new location just around the corner.

The statue, commissioned by State Street Global Advisors, the asset management business of State Street Corporation, became a sensation after its installment.

"Charging bull" in front of "Fearless girl".

Other officials expressed concerns that the mix of Fearless Girl, Charging Bull and the volume of pedestrians could attract an attack similar to last year's in lower Manhattan, when a driver killed eight people.

The decision to move the statues is not part of de Blasio's commission on monuments, which met several times and, after recommending that the statue of 19th-century surgeon who conducted experimental operations on female slaves be moved from Central Park, disbanded. State Street said Thursday that since the placement of the statue, more than 150 companies have added a female director to their boards.

State Street's investment arm, State Street Global Advisors, will work with the mayor's office to relocate Fearless Girl by the end of the year.

Kristen Visbal, the sculptor, told CNNMoney she is "thrilled" that the statue will remain in New York City. The Bull's sculptor, Arturo Di Modica, complained that she infringed on his work and exploited his original statue for commercial purposes, but he has not filed a lawsuit. Visitors often step into the street while crowding around both Fearless Girl and the Bull to get the ideal picture. Countless young girls have posed beside the statue, or hugged it, or adorned it with pink pussy hats and Wonder Woman crowns.

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