Knowledge

Ajit Hutheesing

Source đź“ť

199:(4 March 1936 – 8 December 2017) was the founder, chairman and chief executive officer of International Capital Partners Inc. (ICP). ICP commenced investment activities in 1992, providing private placement equity to finance the growth of successful smaller companies. After a successful record of investments in small private and public companies, ICP began winding down its activities. Hutheesing was a member of the Greenwich Roundtable, a group of 100 invited members who collectively manage $ 1 trillion plus. 293:, then President and CEO of Schroders USA (ex-President of the World Bank), Hutheesing joined J. Henry Schroder Corporation (JHSC), New York, as its managing director and as Director of Schroder International. JHSC was the investment banking arm of Schroders PLC in the US Its main activities were M&A, private placements and managing a venture capital pool. Hutheesing spent considerable time in Brazil developing business for Schroders. He was named vice-chairman of J. Henry Schroder Corporation in 1982. 322: 286:
activities in the southern cone countries of South America. In 1972 he became the youngest director of IFC (at that time) heading the department responsible for management, syndications and dispositions of its rapidly growing equity and loan portfolios representing over 200 investments worldwide and valued in 1975 at $ 900 million.
312:
During his life, Hutheesing was committed to using his connections in and knowledge of India and the United States to build both philanthropic and business bridges between these countries. On the investment front, his interest was to bring private equity capital to India from the United States and to
285:
Following the advice and introduction of Sir Siegmund Warburg, Chairman of S.G. Warburg & Company, he joined the International Finance Corporation (IFC), the private sector investment banking arm of the World Bank in 1965. He spent 10 years at IFC during most of which he headed IFC's investment
308:
in the over-the-counter market and an underwriter and distributor of securities to the retail sector of the investment industry. While at Sherwood, Hutheesing was the only non-American Chairman of a Wall Street investment banking and securities trading company. Upon the death of the founder and
390: 1798: 383: 278:
In 1962, he joined S.G. Warburg & Company in London as part of his investment banking training. He returned to India in 1963 to start the first investment bank but when his cousin,
1861: 300:, New York, in 1986 as chairman to help the company raise substantial new capital and to build its corporate finance capabilities. Sherwood (later National Discount Brokers bought by 254:
in England where he received his bachelor's degree in chemistry, physics, metallurgy and mathematics and a master's degree in chemical engineering. He received his
397: 228: 1802: 297: 1755: 1708: 1881: 1876: 359:, a violinist. Armstrong was the founder and artistic director of Armstrong Chamber Concerts in Washington, Connecticut, and a graduate of the 231:, was part of one of the larger industrial families in India, the Lalbhai Group; he served India as a politician, journalist and businessman. 1896: 1856: 1866: 363:, from which she also received a master's degree. She died in 2006 at the age of 63. In her memory Hutheesing wrote the memoir 1676: 309:
majority shareholder, Hutheesing presided over the sale of Sherwood and left the company in February 1988, to start ICP.
1780: 1611: 1871: 1828: 1641: 1620:
The Great Peace – An Asians Candid Report on Red China by Raja Hutheesing, Published by Harper & Brothers,1953
274:
Hutheesing was one of the first Indians in Wall Street when he started his investment banking career in 1960 with
1759: 1716: 368: 1737: 282:, became Prime Minister and started nationalising banks and insurance companies, he decided to leave India. 243: 356: 325: 125: 1712: 1617:
We Nehrus – A family history by Krishna Nehru Hutheesing, Published by Holt, Rinehart and Winston, 1967
360: 259: 1666:
The scope of happiness: a personal memoir Vijaya Lakshmi Pandit, Crown Publishers, 1979, Page xiii
1851: 406: 184: 349: 275: 853: 844: 1891: 1886: 251: 8: 290: 1833: 1784: 1741: 877: 313:
eventually channel capital from high-net-worth families in India to the United States.
220: 169: 352:. Their marriage ended in a divorce in 1984. Amrita Hutheesing died in 2015, aged 77. 1607: 1078: 575: 216: 188: 1137: 1096: 822: 804: 345: 341: 224: 1543: 1391: 337: 208: 153: 235: 1845: 1355: 1346: 1123: 1114: 813: 566: 301: 279: 263: 212: 48: 1561: 1552: 1534: 1337: 1328: 831: 305: 1364: 1799:"New Memoir, 'The Shadow of Her Smile' by Ajit Hutheesing, Is Released" 1305: 1105: 223:, a well-known author, was the sister of India's first Prime Minister, 795: 321: 239: 333: 247: 44: 1606:, by Krishna Nehru Hutheesing, Published by READ BOOKS, 2007. 336:. They had three children together: sons Nikhil, Vivek and 1862:
American chief executives of financial services companies
255: 1801:. broadwayworld.com. 9 April 2014. Archived from 1843: 371:, before he died on 8 December 2017, aged 81. 391: 289:In 1975, at the invitation of an old friend, 1677:"I want to conduct in Kashmir: Zubin Mehta" 332:Hutheesing married Amrita Nigam in 1960 in 202: 1703: 1701: 1699: 1697: 398: 384: 320: 1694: 1636: 1634: 348:between 1965 and 1975 before moving to 140: 1996; died 2006) 1844: 1882:Indian emigrants to the United States 1877:Alumni of the University of Cambridge 1829:"Ajit Hutheesing, Helen E. Armstrong" 1642:"Ajit Hutheesing, Helen E. Armstrong" 1572: 1569: 1560: 1558: 1551: 1542: 1540: 1533: 1531: 1529: 1527: 1525: 1523: 1521: 1519: 1517: 1515: 1513: 1511: 1509: 1507: 1505: 1503: 1479: 1467: 1465: 1463: 1461: 1459: 1441: 1439: 1437: 1435: 1433: 1431: 1429: 1427: 1425: 1423: 1421: 1419: 1417: 1415: 1413: 1411: 1397: 1390: 1388: 1386: 1384: 1382: 1380: 1378: 1376: 1374: 1372: 1363: 1361: 1354: 1345: 1343: 1336: 1327: 1325: 1323: 1321: 1319: 1317: 1315: 1313: 1304: 1302: 1300: 1298: 1296: 1294: 1276: 1274: 1268: 1266: 1264: 1262: 1260: 1258: 1256: 1254: 1252: 1250: 1248: 1242: 1240: 1238: 1236: 1234: 1232: 1230: 1212: 1210: 1208: 1206: 1204: 1202: 1200: 1198: 1196: 1194: 1192: 1190: 1188: 1182: 1180: 1178: 1176: 1174: 1172: 1155: 1153: 1150: 1148: 1145: 1143: 1136: 1134: 1131: 1129: 1122: 1113: 1111: 1104: 1095: 1093: 1091: 1089: 1086: 1084: 1077: 1075: 1023: 1021: 1003: 1001: 999: 973: 971: 969: 967: 965: 963: 961: 955: 953: 951: 949: 947: 945: 943: 937: 935: 933: 931: 929: 911: 909: 883: 876: 871: 869: 867: 865: 863: 861: 852: 843: 841: 839: 837: 830: 821: 819: 812: 803: 801: 794: 789: 787: 695: 693: 631: 629: 627: 595: 593: 583: 574: 565: 563: 558: 556: 553: 551: 549: 547: 545: 543: 541: 539: 537: 535: 507: 505: 503: 477: 475: 473: 471: 469: 467: 465: 463: 461: 459: 453: 451: 449: 444: 442: 440: 438: 436: 434: 432: 430: 428: 426: 424: 422: 420: 418: 328:and Hutheesing at their wedding, 1996 1631: 1897:American people of Kashmiri descent 166:"Raja" Gunottam Hutheesing (father) 13: 1715:. 17 December 2017. Archived from 1604:With No Regrets – An Autobiography 1597: 14: 1908: 1857:American people of Indian descent 1821: 304:) was one of the major wholesale 367:. Hutheesing was diagnosed with 316: 112: 16:American businessman (1936–2017) 1867:Columbia Business School alumni 234:Hutheesing was educated at the 137: 108: 1791: 1774: 1748: 1731: 1669: 1660: 1: 1756:"Obituary: Amrita Hutheesing" 369:idiopathic pulmonary fibrosis 1758:. legacy.com. Archived from 355:In 1996, Hutheesing married 7: 1709:"Obituary: Ajit Hutheesing" 10: 1913: 1115:Indira Priyadarshini Nehru 1567: 1549: 1497: 1495: 1491: 1489: 1487: 1477: 1473: 1457: 1453: 1447: 1352: 1334: 1288: 1286: 1284: 1272: 1270: 1246: 1244: 1228: 1224: 1218: 1186: 1184: 1164: 1120: 1102: 1069: 1067: 1065: 1057: 1055: 1053: 1047: 1045: 1043: 1035: 1033: 1031: 1019: 1015: 1009: 997: 993: 991: 989: 987: 985: 979: 959: 957: 941: 939: 927: 923: 917: 874: 850: 828: 810: 792: 781: 779: 777: 775: 773: 771: 769: 767: 765: 763: 761: 755: 753: 751: 749: 747: 745: 743: 741: 739: 737: 735: 733: 731: 723: 721: 719: 717: 715: 713: 711: 709: 707: 705: 703: 691: 687: 685: 683: 681: 679: 677: 675: 673: 671: 669: 667: 665: 663: 661: 659: 657: 655: 653: 651: 649: 647: 645: 643: 637: 625: 621: 619: 617: 615: 613: 611: 609: 607: 605: 603: 601: 572: 529: 527: 525: 519: 517: 515: 501: 497: 495: 493: 487: 485: 483: 361:Juilliard School of Music 269: 250:, before he attended the 179: 159: 148: 87: 79: 71: 55: 30: 23: 1624: 1157:Ajit Gunottam Hutheesing 407:Nehru-Gandhi family tree 260:Columbia Business School 203:Early life and education 197:Ajit Gunottam Hutheesing 365:The Shadow of Her Smile 276:Loeb, Rhoades & Co. 1124:Feroze Jehangir Gandhi 350:Greenwich, Connecticut 340:. The family lived in 329: 845:Ranjit Sitaram Pandit 324: 1392:Ravi Ajit Hutheesing 854:Vijaya Lakshmi Nehru 252:Cambridge University 111: 1960; 1872:Nehru–Gandhi family 1837:. 24 November 1996. 1805:on 19 February 2018 1762:on 19 February 2018 1719:on 19 February 2018 1562:Feroze Varun Gandhi 872:Gunottam Hutheesing 291:James D. Wolfensohn 229:Gunottam Hutheesing 215:into the prominent 185:Nehru–Gandhi family 1834:The New York Times 1785:The New York Times 1745:, 5 February 1988. 1742:The New York Times 1648:. 24 November 1996 1646:The New York Times 1535:Rahul Rajiv Gandhi 1132:Chandralekha Mehta 1106:Magdolna Friedmann 576:Swarup Rani Thissu 330: 298:The Sherwood Group 207:Hutheesing was an 170:Krishna Hutheesing 152:Nikhil, Vivek and 1738:EXECUTIVE CHANGES 1595: 1594: 1586: 1585: 1151:Harsha Hutheesing 1087:Anand Kumar Nehru 1079:Shyam Kumari Khan 244:St. Mary's School 242:and later at the 217:Hutheesing family 211:. He was born in 194: 193: 189:Hutheesing family 1904: 1838: 1815: 1814: 1812: 1810: 1795: 1789: 1778: 1772: 1771: 1769: 1767: 1752: 1746: 1735: 1729: 1728: 1726: 1724: 1705: 1692: 1691: 1689: 1687: 1673: 1667: 1664: 1658: 1657: 1655: 1653: 1638: 1370: 1311: 1306:Arun Kumar Nehru 1138:Nayantara Sahgal 1097:Braj Kumar Nehru 859: 823:Jawaharlal Nehru 805:Rameshwari Raina 581: 416: 415: 400: 393: 386: 377: 376: 346:McLean, Virginia 225:Jawaharlal Nehru 141: 139: 116: 114: 110: 62: 40: 38: 21: 20: 1912: 1911: 1907: 1906: 1905: 1903: 1902: 1901: 1842: 1841: 1827: 1824: 1819: 1818: 1808: 1806: 1797: 1796: 1792: 1781:Helen Armstrong 1779: 1775: 1765: 1763: 1754: 1753: 1749: 1736: 1732: 1722: 1720: 1707: 1706: 1695: 1685: 1683: 1675: 1674: 1670: 1665: 1661: 1651: 1649: 1640: 1639: 1632: 1627: 1600: 1598:Further reading 1587: 1564: 1555: 1546: 1544:Priyanka Gandhi 1537: 1394: 1368: 1367: 1358: 1349: 1340: 1331: 1309: 1308: 1159: 1140: 1126: 1117: 1108: 1099: 1081: 880: 857: 856: 847: 834: 825: 816: 807: 798: 579: 578: 569: 560: 554:Bansidhar Nehru 446: 445:Gangadhar Nehru 409: 404: 374: 357:Helen Armstrong 319: 272: 209:Indian American 205: 175: 144: 143: 135: 131: 128: 126:Helen Armstrong 118: 115: 1984) 106: 102: 99: 83:Business person 67: 64: 60: 59:8 December 2017 51: 42: 36: 34: 26: 25:Ajit Hutheesing 17: 12: 11: 5: 1910: 1900: 1899: 1894: 1889: 1884: 1879: 1874: 1869: 1864: 1859: 1854: 1852:American Jains 1840: 1839: 1823: 1822:External links 1820: 1817: 1816: 1790: 1773: 1747: 1730: 1713:Greenwich Time 1693: 1668: 1659: 1629: 1628: 1626: 1623: 1622: 1621: 1618: 1615: 1599: 1596: 1593: 1592: 1589: 1588: 1584: 1583: 1581: 1579: 1577: 1574: 1573: 1571: 1568: 1566: 1559: 1557: 1550: 1548: 1541: 1539: 1532: 1530: 1528: 1526: 1524: 1522: 1520: 1518: 1516: 1514: 1512: 1510: 1508: 1506: 1504: 1501: 1500: 1498: 1496: 1494: 1492: 1490: 1488: 1486: 1484: 1481: 1480: 1478: 1476: 1474: 1472: 1470: 1468: 1466: 1464: 1462: 1460: 1458: 1456: 1454: 1452: 1450: 1448: 1446: 1444: 1442: 1440: 1438: 1436: 1434: 1432: 1430: 1428: 1426: 1424: 1422: 1420: 1418: 1416: 1414: 1412: 1409: 1408: 1406: 1404: 1402: 1399: 1398: 1396: 1389: 1387: 1385: 1383: 1381: 1379: 1377: 1375: 1373: 1371: 1369:(b. 1956/1957) 1362: 1360: 1353: 1351: 1344: 1342: 1335: 1333: 1326: 1324: 1322: 1320: 1318: 1316: 1314: 1312: 1303: 1301: 1299: 1297: 1295: 1292: 1291: 1289: 1287: 1285: 1283: 1281: 1278: 1277: 1275: 1273: 1271: 1269: 1267: 1265: 1263: 1261: 1259: 1257: 1255: 1253: 1251: 1249: 1247: 1245: 1243: 1241: 1239: 1237: 1235: 1233: 1231: 1229: 1227: 1225: 1223: 1221: 1219: 1217: 1215: 1213: 1211: 1209: 1207: 1205: 1203: 1201: 1199: 1197: 1195: 1193: 1191: 1189: 1187: 1185: 1183: 1181: 1179: 1177: 1175: 1173: 1170: 1169: 1167: 1165: 1162: 1161: 1154: 1152: 1149: 1147: 1144: 1142: 1135: 1133: 1130: 1128: 1121: 1119: 1112: 1110: 1103: 1101: 1094: 1092: 1090: 1088: 1085: 1083: 1076: 1073: 1072: 1070: 1068: 1066: 1064: 1062: 1060: 1058: 1056: 1054: 1052: 1050: 1048: 1046: 1044: 1042: 1040: 1038: 1036: 1034: 1032: 1030: 1028: 1025: 1024: 1022: 1020: 1018: 1016: 1014: 1012: 1010: 1008: 1006: 1004: 1002: 1000: 998: 996: 994: 992: 990: 988: 986: 984: 982: 980: 978: 976: 974: 972: 970: 968: 966: 964: 962: 960: 958: 956: 954: 952: 950: 948: 946: 944: 942: 940: 938: 936: 934: 932: 930: 928: 926: 924: 922: 920: 918: 916: 914: 912: 910: 907: 906: 904: 902: 900: 898: 896: 894: 892: 890: 888: 885: 884: 882: 875: 873: 870: 868: 866: 864: 862: 860: 851: 849: 842: 840: 838: 836: 829: 827: 820: 818: 811: 809: 802: 800: 793: 791: 790:Shyamlal Nehru 788: 785: 784: 782: 780: 778: 776: 774: 772: 770: 768: 766: 764: 762: 760: 758: 756: 754: 752: 750: 748: 746: 744: 742: 740: 738: 736: 734: 732: 730: 728: 726: 724: 722: 720: 718: 716: 714: 712: 710: 708: 706: 704: 702: 700: 697: 696: 694: 692: 690: 688: 686: 684: 682: 680: 678: 676: 674: 672: 670: 668: 666: 664: 662: 660: 658: 656: 654: 652: 650: 648: 646: 644: 642: 640: 638: 636: 634: 632: 630: 628: 626: 624: 622: 620: 618: 616: 614: 612: 610: 608: 606: 604: 602: 600: 598: 596: 594: 591: 590: 588: 585: 584: 582: 573: 571: 564: 562: 557: 555: 552: 550: 548: 546: 544: 542: 540: 538: 536: 533: 532: 530: 528: 526: 524: 522: 520: 518: 516: 514: 512: 509: 508: 506: 504: 502: 500: 498: 496: 494: 492: 490: 488: 486: 484: 482: 480: 478: 476: 474: 472: 470: 468: 466: 464: 462: 460: 457: 455: 454: 452: 450: 448: 443: 441: 439: 437: 435: 433: 431: 429: 427: 425: 423: 421: 419: 414: 411: 410: 405: 403: 402: 395: 388: 380: 318: 315: 271: 268: 236:Scindia School 227:. His father, 219:. His mother, 204: 201: 192: 191: 181: 177: 176: 174: 173: 167: 163: 161: 157: 156: 150: 146: 145: 133: 129: 124: 123: 122: 121: 104: 100: 97: 96: 95: 94: 91: 89: 85: 84: 81: 77: 76: 73: 69: 68: 65: 63:(aged 81) 57: 53: 52: 43: 32: 28: 27: 24: 15: 9: 6: 4: 3: 2: 1909: 1898: 1895: 1893: 1890: 1888: 1885: 1883: 1880: 1878: 1875: 1873: 1870: 1868: 1865: 1863: 1860: 1858: 1855: 1853: 1850: 1849: 1847: 1836: 1835: 1830: 1826: 1825: 1804: 1800: 1794: 1788:, 5 May 2006. 1787: 1786: 1782: 1777: 1761: 1757: 1751: 1744: 1743: 1739: 1734: 1718: 1714: 1710: 1704: 1702: 1700: 1698: 1682: 1678: 1672: 1663: 1647: 1643: 1637: 1635: 1630: 1619: 1616: 1613: 1612:1-4067-7661-0 1609: 1605: 1602: 1601: 1591: 1590: 1582: 1580: 1578: 1576: 1575: 1563: 1554: 1545: 1536: 1502: 1499: 1493: 1485: 1483: 1482: 1475: 1471: 1469: 1455: 1451: 1449: 1445: 1443: 1410: 1407: 1405: 1403: 1401: 1400: 1393: 1366: 1357: 1348: 1347:Sanjay Gandhi 1339: 1330: 1307: 1293: 1290: 1282: 1280: 1279: 1226: 1222: 1220: 1216: 1214: 1171: 1168: 1166: 1163: 1158: 1139: 1125: 1116: 1107: 1098: 1080: 1074: 1071: 1063: 1061: 1059: 1051: 1049: 1041: 1039: 1037: 1029: 1027: 1026: 1017: 1013: 1011: 1007: 1005: 995: 983: 981: 977: 975: 925: 921: 919: 915: 913: 908: 905: 903: 901: 899: 897: 895: 893: 891: 889: 887: 886: 879: 878:Krishna Nehru 855: 846: 833: 824: 815: 814:Brijlal Nehru 806: 797: 786: 783: 759: 757: 729: 727: 725: 701: 699: 698: 689: 641: 639: 635: 633: 623: 599: 597: 592: 589: 587: 586: 577: 568: 567:Motilal Nehru 559:Nandlal Nehru 534: 531: 523: 521: 513: 511: 510: 499: 491: 489: 481: 479: 458: 456: 417: 413: 412: 408: 401: 396: 394: 389: 387: 382: 381: 379: 378: 375: 372: 370: 366: 362: 358: 353: 351: 347: 343: 339: 335: 327: 323: 317:Personal life 314: 310: 307: 306:market makers 303: 302:Deutsche Bank 299: 294: 292: 287: 283: 281: 280:Indira Gandhi 277: 267: 265: 261: 257: 253: 249: 245: 241: 237: 232: 230: 226: 222: 218: 214: 213:Mumbai, India 210: 200: 198: 190: 186: 182: 178: 171: 168: 165: 164: 162: 158: 155: 151: 147: 127: 120: 119: 93: 92: 90: 86: 82: 78: 74: 70: 66:United States 58: 54: 50: 49:British India 46: 33: 29: 22: 19: 1832: 1807:. Retrieved 1803:the original 1793: 1783: 1776: 1764:. Retrieved 1760:the original 1750: 1740: 1733: 1721:. Retrieved 1717:the original 1684:. Retrieved 1680: 1671: 1662: 1650:. Retrieved 1645: 1603: 1553:Robert Vadra 1356:Maneka Anand 1338:Rajiv Gandhi 1329:Sonia Gandhi 1156: 373: 364: 354: 331: 311: 295: 288: 284: 273: 233: 206: 196: 195: 98:Amrita Nigam 61:(2017-12-08) 41:4 March 1936 18: 1892:2017 deaths 1887:1936 births 1809:19 February 1766:19 February 1723:19 February 1686:22 November 1365:Gita Sahgal 1350:(1946–1980) 1341:(1944–1991) 1310:(1944–2013) 1160:(1936–2017) 1127:(1912–1960) 1118:(1917–1984) 1109:(1908–2017) 1100:(1909–2001) 1082:(1904-1980) 881:(1907–1967) 858:(1900–1990) 848:(1893-1944) 835:(1899–1936) 832:Kamala Kaul 826:(1889–1964) 817:(1884–1964) 808:(1886–1966) 799:(1884–1963) 580:(1868–1938) 570:(1861–1931) 561:(1845–1887) 447:(1827–1861) 72:Nationality 1846:Categories 1570:Yamini Roy 296:He joined 80:Occupation 37:1936-03-04 1681:DNA India 1565:(b. 1980) 1556:(b. 1969) 1547:(b. 1972) 1538:(b. 1970) 1395:(b. 1971) 1359:(b. 1956) 1332:(b. 1946) 1141:(b. 1927) 796:Uma Nehru 342:Arlington 326:Armstrong 180:Relatives 1146:Rita Dar 264:New York 172:(mother) 149:Children 75:American 1652:17 June 240:Gwalior 221:Krishna 160:Parents 142:​ 134:​ 130:​ 117:​ 105:​ 101:​ 88:Spouses 1610:  334:London 270:Career 248:Mumbai 45:Bombay 1625:Notes 258:from 136:( 132: 107:( 103: 1811:2018 1768:2018 1725:2018 1688:2022 1654:2008 1608:ISBN 344:and 338:Ravi 187:and 183:See 154:Ravi 113:div. 56:Died 31:Born 262:in 256:MBA 246:in 238:in 1848:: 1831:. 1711:. 1696:^ 1679:. 1644:. 1633:^ 266:. 138:m. 109:m. 47:, 1813:. 1770:. 1727:. 1690:. 1656:. 1614:. 399:e 392:t 385:v 39:) 35:(

Index

Bombay
British India
Helen Armstrong
Ravi
Krishna Hutheesing
Nehru–Gandhi family
Hutheesing family
Indian American
Mumbai, India
Hutheesing family
Krishna
Jawaharlal Nehru
Gunottam Hutheesing
Scindia School
Gwalior
St. Mary's School
Mumbai
Cambridge University
MBA
Columbia Business School
New York
Loeb, Rhoades & Co.
Indira Gandhi
James D. Wolfensohn
The Sherwood Group
Deutsche Bank
market makers

Armstrong
London

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑