Robert S. Kapito - AbsoluteAstronomy.com

Early life and education

Kapito earned an MBA from Harvard Business School

Harvard Business School

Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...

in Cambridge, Massachusetts (HBS) in 1983 after completing a BS degree in Economics from the Wharton School of the University of Pennsylvania

Wharton School of the University of Pennsylvania

The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...

. Kapito met his wife Ellen when she was a student at the University of Pennsylvania School of Nursing

University of Pennsylvania School of Nursing

The University of Pennsylvania School of Nursing is an undergraduate and graduate institution at the University of Pennsylvania located in Philadelphia, Pennsylvania. Since its establishment in 1935, the School of Nursing at Penn is currently the top-ranked private nursing institution in the nation...

Career

Kapito joined First Boston in 1979 after graduating from the Wharton School of the University of Pennsylvania

Wharton School of the University of Pennsylvania

and started in the Public Finance Department. He was fortuitous in meeting his future business partner, Laurence D. Fink at First Boston where they were instrumental in pioneering the mortgage-backed security

Mortgage-backed security

A mortgage-backed security is an asset-backed security that represents a claim on the cash flows from mortgage loans through a process known as securitization.-Securitization:...

market in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

.

Kapito left First Boston to complete his MBA degree and returned to the firm in 1983 in the Mortgage Products Group. In 1982, Kapito worked as a strategic consultant with Bain & Co. and with two private companies in Europe.

Kapito eventually served at Head of Trading and Vice President of the mortgage-backed security

Mortgage-backed security

A mortgage-backed security is an asset-backed security that represents a claim on the cash flows from mortgage loans through a process known as securitization.-Securitization:...

Products Group.

In 1988, Kapito left First Boston along with Laurence D. Fink

Laurence D. Fink

Laurence D. "Larry" Fink is the chairman and chief executive officer of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world.-Early life and education:...

and founded BlackRock under the umbrella of the private equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

firm Blackstone

Blackstone

-Businesses:*Blackstone Group, U.S. private equity and asset management firm*Blackstone Career Institute, online training institute*Blackstone & Co, a farm implement and engine manufacturer in Stamford, Lincolnshire until absorbed by Lister in 1937-People:...

where they joined as partners. In 1992, BlackRock was spun out from Blackstone

Blackstone

and became an independent company.

Today, BlackRock

BlackRock

BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. BlackRock is headquartered in Manhattan, New York City, New York, United States and is the leading provider of investment, advisory, and risk management solutions...

is the world's largest asset management firm with over $3.5 trillion in assets under management. BlackRock

BlackRock

currently manages over $3.5 trillion of assets across equity, fixed income, real estate, liquidity and alternative strategies. Through BlackRock Solutions, the Firm provides risk management and enterprise investment services for approximately $9 trillion of assets.

Today Kapito is President and a Director of BlackRock

BlackRock

, is Chairman of the Global Operating Committee, a member of the Global Executive Committee, and Chairman of the Americas Executive Committee. He is responsible for day-to-day oversight of BlackRock

BlackRock

's key operating units, including the Portfolio Management, Alternative Investment, Global Client Group, Risk & Quantitative Analysis and BlackRock Solutions. Mr. Kapito is also a Director of iShares Inc.

Prior to assuming his current responsibilities in 2007, Kapito served as Head of BlackRock's Portfolio Management Group. In this role, he was responsible for overseeing all portfolio management within BlackRock

BlackRock

, including the Fixed Income, Equity, Liquidity, and Alternative Investment Groups.

Kapito serves as a member of the Board of Trustees of the Wharton School of the University of Pennsylvania

Wharton School of the University of Pennsylvania

and as a member of a Harvard Kennedy School Executive Education Faculty. . 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

Kapito serves as a member of the Board of Trustees of the Joseph H. Lookstein Ramaz School, is the recipient of 2009 Joseph Wharton Leadership Award and the 2010 Semper Fidelis Award from the Marine Corps-Law Enforcement Foundation.

External links

CFA Institute Conference Proceedings: "Portfolio Management Panel"

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