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Robert S. Kapito

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Robert Kapito
Kapito in 2010
Born
Robert Steven Kapito

(1957-02-08) February 8, 1957 (age 67)
New York, U.S.
Alma mater
TitlePresident of BlackRock

Robert Steven Kapito (born February 8, 1957)[1] is an American businessman and investor. He is a founder and President of the New York City-based investment management firm, BlackRock.[2][3][4]

Early life and education

Kapito is Jewish.[5] Kapito earned an MBA from Harvard Business School in Cambridge, Massachusetts (HBS) in 1983 after completing a BS degree in Economics from the Wharton School of the University of Pennsylvania. Kapito met his wife Ellen when she was a student at the University of Pennsylvania School of Nursing.[6]

Career

Kapito joined First Boston in 1979 after graduating from Wharton and started in the Public Finance Department.[7] He was hired by Larry Fink to work at First Boston, where they were instrumental in pioneering the mortgage-backed security market in the United States.[7][8]

Kapito left First Boston to complete his MBA degree and returned to the firm in 1983 in the Mortgage Products Group.[7] In 1988, Kapito left First Boston along with Fink and founded BlackRock under the umbrella of the private equity firm Blackstone Group as partners.[7] Kapito worked closely with Fink at BlackRock, where he developed a reputation as an aggressive and loyal supporter of Fink.[8]

In 2022, he warned about product shortages and said that "a very entitled generation that has never had to sacrifice" was experiencing inflation for the first time.[9][10]

Kapito serves as a member of the Board of Trustees of the Wharton School of the University of Pennsylvania[11] and as a member of a Harvard Kennedy School Executive Education Faculty.[12] He is also President of the Board of Directors for the Hope & Heroes Children's Cancer Fund and President of the Board of Directors for Periwinkle Theatre for Youth, a national non-profit arts-in-education organization.

In 2012, he received the Gustave L. Levy Award from the United Jewish Appeal Federation of New York for his donations.[13]

References

  1. ^ "Find companies, search people".
  2. ^ "CBS This Morning: President of Blackrock Robert Kapito". CBS.
  3. ^ DE LA MERCED, MICHAEL J. "BlackRock Elevates Executives in Succession Planning Move". New York Times.
  4. ^ Tully, Shawn. "Inside the trillionaires' club". Fortune.
  5. ^ "The ten trillion dollar man: how Larry Fink became king of Wall St". www.ft.com. Retrieved 2022-03-31.
  6. ^ "Born to heal". Jewishstandard.timesofisrael.com. Retrieved 12 April 2017.
  7. ^ a b c d "BlackRock Is Remaking the Capital Markets". Institutional Investor. Retrieved 2019-04-15.
  8. ^ a b Wigglesworth, Robin (2021-10-07). "The ten trillion dollar man: how Larry Fink became king of Wall St". Financial Times. Retrieved 2022-03-31.
  9. ^ "Inflation will clobber "entitled generation" of consumers, BlackRock president says". www.cbsnews.com. Retrieved 2022-03-31.
  10. ^ Mahdawi, Arwa (2 April 2022). "Young people struggling amid inflation are entitled, says CEO worth about $400m". The Guardian. Retrieved 2 April 2022.
  11. ^ "Robert S. Kapito, BlackRock President and Director, to Keynote Wharton School MBA Commencement". Archived from the original on 2010-04-30.
  12. ^ "Harvard Kennedy School Executive Education Faculty: Robert S. Kapito".
  13. ^ Alden, William (December 11, 2012). "Wall Street Titans Toast Philanthropy at UJA-Federation Dinner". DealBook. Retrieved 29 October 2013.
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