Ajit Gunottam Hutheesing (4 March 1936 – 8 December 2017) was the founder, chairman and chief executive officer of International Capital Partners Inc.[1] (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.[when?] Hutheesing was a member of the Greenwich Roundtable, a group of 100 invited members who collectively manage $1 trillion plus.
Hutheesing was an Indian American. He was born in Mumbai, India into the prominent Hutheesing family. His mother, Krishna, a well-known author, was the sister of India's first Prime Minister, Jawaharlal Nehru.[2][3] His father, Gunottam Hutheesing, was part of one of the larger industrial families in India, the Lalbhai Group; he served India as a politician, journalist and businessman.[citation needed]
Hutheesing was one of the first Indians in Wall Street when he started his investment banking career in 1960 with Loeb, Rhoades & Co. 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, Indira Gandhi, became Prime Minister and started nationalising banks and insurance companies, he decided to leave India.[4]
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 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.
In 1975, at the invitation of an old friend, James D. Wolfensohn, 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.
He joined The Sherwood Group, 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 Deutsche Bank) was one of the major wholesale market makers 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 majority shareholder, Hutheesing presided over the sale of Sherwood and left the company in February 1988,[5] to start ICP.
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 eventually channel capital from high-net-worth families in India to the United States.
Hutheesing married Amrita Nigam in 1960 in London. They had three children together: sons Nikhil, Vivek and Ravi.[4] The family lived in Arlington and McLean, Virginia between 1965 and 1975 before moving to Greenwich, Connecticut. Their marriage ended in a divorce in 1984. Amrita Hutheesing died in 2015, aged 77.[6]
In 1996, Hutheesing married Helen Armstrong, a violinist. Armstrong was the founder and artistic director of Armstrong Chamber Concerts in Washington, Connecticut, and a graduate of the Juilliard School of Music, from which she also received a master's degree.[1] She died in 2006 at the age of 63.[7] In her memory Hutheesing wrote the memoir The Shadow of Her Smile.[8] Hutheesing was diagnosed with idiopathic pulmonary fibrosis, before he died on 8 December 2017, aged 81.[4]
^. broadwayworld.com. 9 April 2014. Archived from the original on 19 February 2018. Retrieved 19 February 2018.
External links
"Ajit Hutheesing, Helen E. Armstrong". The New York Times. 24 November 1996.
August 11, 2023
ajit, hutheesing, ajit, gunottam, hutheesing, march, 1936, december, 2017, founder, chairman, chief, executive, officer, international, capital, partners, commenced, investment, activities, 1992, providing, private, placement, equity, finance, growth, successf. Ajit Gunottam Hutheesing 4 March 1936 8 December 2017 was the founder chairman and chief executive officer of International Capital Partners Inc 1 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 when Hutheesing was a member of the Greenwich Roundtable a group of 100 invited members who collectively manage 1 trillion plus Ajit HutheesingBorn 1936 03 04 4 March 1936Bombay British IndiaDied8 December 2017 2017 12 08 aged 81 United StatesNationalityAmericanOccupationBusiness personSpousesAmrita Nigam m 1960 div 1984 wbr Helen Armstrong m 1996 died 2006 wbr ChildrenNikhil Vivek and RaviParents Raja Gunottam Hutheesing father Krishna Hutheesing mother RelativesSee Nehru Gandhi family and Hutheesing family Contents 1 Early life and education 2 Career 3 Personal life 4 Further reading 5 Notes 6 External linksEarly life and education EditHutheesing was an Indian American He was born in Mumbai India into the prominent Hutheesing family His mother Krishna a well known author was the sister of India s first Prime Minister Jawaharlal Nehru 2 3 His father Gunottam Hutheesing was part of one of the larger industrial families in India the Lalbhai Group he served India as a politician journalist and businessman citation needed Hutheesing was educated at the Scindia School in Gwalior and later at the St Mary s School in Mumbai before he attended the Cambridge University 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 MBA from Columbia Business School in New York 4 Career EditHutheesing was one of the first Indians in Wall Street when he started his investment banking career in 1960 with Loeb Rhoades amp Co In 1962 he joined S G Warburg amp 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 Indira Gandhi became Prime Minister and started nationalising banks and insurance companies he decided to leave India 4 Following the advice and introduction of Sir Siegmund Warburg Chairman of S G Warburg amp 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 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 In 1975 at the invitation of an old friend James D Wolfensohn 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 amp 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 He joined The Sherwood Group 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 Deutsche Bank was one of the major wholesale market makers 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 majority shareholder Hutheesing presided over the sale of Sherwood and left the company in February 1988 5 to start ICP 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 eventually channel capital from high net worth families in India to the United States Personal life Edit Armstrong and Hutheesing at their wedding 1996Hutheesing married Amrita Nigam in 1960 in London They had three children together sons Nikhil Vivek and Ravi 4 The family lived in Arlington and McLean Virginia between 1965 and 1975 before moving to Greenwich Connecticut Their marriage ended in a divorce in 1984 Amrita Hutheesing died in 2015 aged 77 6 In 1996 Hutheesing married Helen Armstrong a violinist Armstrong was the founder and artistic director of Armstrong Chamber Concerts in Washington Connecticut and a graduate of the Juilliard School of Music from which she also received a master s degree 1 She died in 2006 at the age of 63 7 In her memory Hutheesing wrote the memoir The Shadow of Her Smile 8 Hutheesing was diagnosed with idiopathic pulmonary fibrosis before he died on 8 December 2017 aged 81 4 vteNehru Gandhi family treeGangha Dhar Nehru 1827 1861 Bansi Dhar NehruNandlal Nehru 1845 1887 Motilal Nehru 1861 1931 Swarup Rani 1868 1938 Shyamlal NehruUma Nehru 1884 1963 Rameshwari Raina 1886 1966 Brij Lal Nehru 1884 1964 Jawaharlal Nehru 1889 1964 Kamala Kaul 1899 1936 Ranjit Sitaram Pandit 1893 1944 Vijaya Lakshmi Nehru 1900 1990 Gunottam HutheesingKrishna Nehru 1907 1967 Shyam Kumari Khan 1904 1980 Anand Kumar NehruBraj Kumar Nehru 1909 2001 Magdolna Friedman 1908 2017 Indira Priyadarshini 1917 1984 Feroze Gandhi 1912 1960 Chandralekha MehtaNayantara Sahgal b 1927 Rita DarHarsha HutheesingAjit Hutheesing 1936 2017 Arun Nehru 1944 2013 Sonia Maino b 1946 Rajiv Gandhi 1944 1991 Sanjay Gandhi 1946 1980 Maneka Anand b 1956 Gita Sahgal b 1956 1957 Ravi Hutheesing b 1971 Rahul Gandhi b 1970 Priyanka Gandhi b 1972 Robert Vadra b 1969 Varun Gandhi b 1980 Yamini RoyFurther reading EditWith No Regrets An Autobiography by Krishna Nehru Hutheesing Published by READ BOOKS 2007 ISBN 1 4067 7661 0 We Nehrus A family history by Krishna Nehru Hutheesing Published by Holt Rinehart and Winston 1967 The Great Peace An Asians Candid Report on Red China by Raja Hutheesing Published by Harper amp Brothers 1953Notes Edit a b Ajit Hutheesing Helen E Armstrong The New York Times 24 November 1996 Retrieved 17 June 2008 The scope of happiness a personal memoir Vijaya Lakshmi Pandit Crown Publishers 1979 Page xiii I want to conduct in Kashmir Zubin Mehta DNA India Retrieved 22 November 2022 a b c d Obituary Ajit Hutheesing Greenwich Time 17 December 2017 Archived from the original on 19 February 2018 Retrieved 19 February 2018 EXECUTIVE CHANGES The New York Times 5 February 1988 Obituary Amrita Hutheesing legacy com Archived from the original on 19 February 2018 Retrieved 19 February 2018 Helen Armstrong The New York Times 5 May 2006 New Memoir The Shadow of Her Smile by Ajit Hutheesing Is Released broadwayworld com 9 April 2014 Archived from the original on 19 February 2018 Retrieved 19 February 2018 External links Edit Ajit Hutheesing Helen E Armstrong The New York Times 24 November 1996 Retrieved from https en wikipedia org w index php title Ajit Hutheesing amp oldid 1155645225, wikipedia, wiki, book, books, library,
