Joseph Sigelman

Last updated
Joseph Sigelman
Born (1971-02-06) February 6, 1971 (age 53)
New York City, United States
Nationality American, Phillipino
Alma mater Princeton University (BA)
Harvard Business School (MBA)
Years active1999–present
Children2
Website www.joesigelman.com

Joseph Sigelman (born February 6, 1971) [1] is an American businessman. He is a co-founder of AG&P Group and ex-CEO of OfficeTiger. [2] [3] [4]

Contents

Early life and education

Joseph Sigelman was born on February 6, 1971, in New York City, in the United States. [1] [5] He is a graduate of Princeton University's Woodrow Wilson School of Public and International Affairs, and he went on to receive his MBA from Harvard Business School, during which time he worked as a summer intern at Goldman Sachs in London. [6] [7] Sigelman is married and has two children, who were both born in the Philippines. [8]

Career

Sigelman started his career in investment banking with Lazard Frères & Co. and later worked in private equity at the London Offices of Goldman Sachs, where he had interned during his studies. In 1999, he along with friend and business partner Randy Altschuler, who was his classmate at Princeton University, started their first business called OfficeTiger. [9]

Early career

In 2004, the company had over 2,000 employees and operated in both the US and the UK. [3] In 2006, the company was arguably one of the first businesses worldwide to enter the business process outsourcing space in India and closed a US$250 million cash sale to RR Donnelley & Sons. [10]

Sigelman further expanded the business operations, with the opening of a new company PetroTiger Ltd, a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey. [11]

In 2013, legal proceedings commenced against Sigelman in relation to dealings between PetroTiger and Colombian officials that were in violation of the Foreign Corrupt Practices Act. [12] Proceedings were concluded in 2015, with Sigelman being fined $100,000. [13] The judge, Joseph Irenas, criticized the prosecutors in the case, saying he felt he was "being played with" after the prosecution decided "not to complete the trial." Irenas also pointed out that Sigelman has proven his ability to do great good in relation to the work he is doing in developing nations like Colombia. [14] Bloomberg Financial News also questioned the prosecution of Sigelman, suggesting he may have been a "Mark" for others involved. [15]

Atlantic Gulf & Pacific

In 2010, along with a group of shareholders, Sigelman led the acquisition of a Philippines-based business, Atlantic Gulf & Pacific (AG&P Group). [3] AG&P is a major construction and engineering company based in the Philippines which was acquired in 2010 and reoriented to be an LNG import and distribution company. [16] [17]

Since the acquisition of AG&P in 2010, Sigelman has led the growth of over US$300 million in equity infusions and the expansion of the company across the Asia-Pacific region, including the acquisition of Korean gas giant Gas Entec. [4] [18]

Sigelman was a World Economic Forum Young Global Leader, a Businessweek Star of Asia, and the Asia CEO Expat Executive of the Year. Sigelman is a life member of the Council on Foreign Relations. [19]

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References

  1. 1 2 "house of - AWS" (PDF).
  2. ↑ "CNN.com - Transcripts". transcripts.cnn.com. Retrieved June 2, 2022.
  3. 1 2 3 Kuan, Judy S. (2004). Offshore Business Sourcing Special Report on Law & Strategy. WorldTrade Executive, Inc. ISBN   978-1-893323-65-0.
  4. 1 2 "Joseph Sigelman – AG&P Global" . Retrieved June 2, 2022.
  5. ↑ "2 businessmen to become Filipinos by legislative action". Manila Bulletin. Retrieved June 2, 2022.
  6. ↑ Dumlao, Doris C. (August 11, 2012). "American entrepreneur bets big on PH". INQUIRER.net. Retrieved June 2, 2022.
  7. ↑ "OfficeTiger: An amazing success story". www.rediff.com. Retrieved June 2, 2022.
  8. ↑ "Committee on Justice Report" (PDF). Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  9. ↑ S.A.S, Editorial La República. "Exjefe de PetroTiger, Joseph Sigelman, acusado de soborno". Diario La República (in Spanish). Retrieved June 2, 2022.
  10. ↑ Warrier, Shobha (2006-09-14). "OfficeTiger: An amazing success story". Rediff News. Retrieved 2022-06-02.
  11. ↑ "Summum Corp (PetroTiger) Business Profile". British International Investment Group. Retrieved 2023-01-15.
  12. ↑ "News Release: Former Chief Executive Officer of Oil Services Company Pleads Guilty to Foreign Bribery Charge". United States Department of Justice. 2015-06-15. Retrieved 2022-06-16.
  13. ↑ "Ex-PetroTiger co-CEO avoids prison in bribery case". Reuters. 2015-06-17. Retrieved 2022-06-03.
  14. ↑ "Ex-CEO Sigelman of PetroTiger Sentenced to Probation Over Bribery". The Wall Street Journal. 2015-06-16. Retrieved 2023-01-15.
  15. ↑ "Does This Man Look Like a Felon to You?". Bloomberg. 2015-01-15. Retrieved 2022-12-12.
  16. ↑ "Who We Are". AG&P Global. 22 January 2022. Retrieved 2023-01-15.
  17. ↑ "Atlantic Gulf & Pacific Co Of Manila Inc Profile". Bloomberg. Retrieved 2023-01-15.
  18. ↑ Merrill, Paul (17 June 2022). "Revolutionising gas: Joseph Sigelman". CEO. Retrieved 27 June 2022.
  19. ↑ "Fellows". World Economic Forum Organisation. Retrieved 2023-01-10.
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