He is a co-founder (with Larry Fink and Susan Wagner) and president of the New York City-based investment management firm BlackRock.

[6] His father, aunt and two brothers ran a tire and car repair business in Monticello for 50 years, and according to Kapito, "I don't think I ever saw them [his parents] with clean hands".

[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][11] 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.