Yusuf Alireza

Last updated

Yusuf Abdulla Yusuf Akbar Alireza (born August 1970, Bahrain) [1] is the chief executive officer (CEO) and co-founder of ARP Global Capital, a fund based in Dubai. In addition to his time spent at Goldman Sachs where he was a partner and co-head of the Asia-Pacific region, he also served as CEO of Noble Group, the Hong Kong energy conglomerate, and a Fortune Global 500 company, before resigning in May 2016. [2] [3] [4] [5]

Contents

Yusuf Alireza
BornAugust 1970
Nationality Bahrain
EducationInternational Economics from Edmund A. Walsh School of Foreign Service

Education

Yusuf Alireza received a joint master's and bachelor's degree from the Edmund A. Walsh School of Foreign Service at Georgetown University. He completed his bachelor's studies in International Economics, pursuing a master's degree in International Relations and affairs. [6]

Career

Alireza spent 20 years at Goldman Sachs, ultimately becoming co-president of Asia operations, excluding Japan, and a member of the firm's global management committee. [1] He began working at Goldman Sachs New York in 1992, in the Fixed Income Industry Research Group, before transferring to the firm's London office in 1997 and becoming the Head of Europe, the Middle East, and Africa (EMEA) sales and structuring efforts.

He was made a partner in 2004, and relocated to Hong Kong in 2008, where he managed the Asia Pacific securities division of Goldman Sachs. [7]

Alireza was made co-head of the Asia-Pacific region in January 2011, ex Japan. He spent 11 months in the position before resigning in November 2011. [4]

Alireza became CEO of Noble Group in April 2012, [8] succeeding Ricardo Leiman as the head of the Hong Kong-based global supply chain manager of energy and agricultural products. Alireza transitioned the company to an asset-light model and sold the firm's Noble Agri business to the Chinese company Cofco Corp in 2014. [9] [10] Alireza resigned in May 2016 after Noble's share price fell by 76%. [2] [3]

In 2015, an anonymous research blog, Iceberg Research, started to question the accounting practices of Noble Group. [11] Though the author was initially not confirmed, Alireza published an open letter identifying Arnaud Vagner, a former Noble credit analyst [12] who had been fired in 2013, allegedly for poor performance. [13] In 2018 Vagner confirmed that he was the blog’s author. [14] The blog claimed that the company booked profits on long term contracts. [15] Noble hired PricewaterhouseCoopers, who announced that the accounting methods complied with international accounting rules, though they also advised that the trader needed to improve their governance and methodology. [15] A probe was launched into Noble Group's accounting in Singapore three years later in November 2018, two years after Alireza's departure, and Noble is suing Vagner. [16] [11]

Alireza also sits on various boards, including Bahrain's Economic Development Board, [17] the National Bank of Bahrain, [18] the Bahrain Ship Repairing and Engineering Company, [19] Room to Read, [20] and the Georgetown Center for Contemporary Arab Studies. [21]

Related Research Articles

<span class="mw-page-title-main">Goldman Sachs</span> American investment bank

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In Forbes Global 2000 2023 Goldman Sachs ranked 34th. It is considered a systemically important financial institution by the Financial Stability Board.

Noble Resources Trading Holdings Limited is a commodity trader based in Hong Kong. It trades energy products and industrial raw materials. Its predecessor, Noble Group Ltd was embroiled in an accounting fraud controversy started in 2015 which eventually necessitated a debt restructuring.

<span class="mw-page-title-main">Rajat Gupta</span> Indian-American business executive (born 1948)

Rajat Kumar Gupta is an Indian-American business executive and convicted felon who, as CEO, was the first foreign-born managing director of management consultancy firm McKinsey & Company from 1994 to 2003. In 2012, he was convicted for insider trading and spent two years in prison. Gupta was a board member of corporations including Goldman Sachs, Procter & Gamble and American Airlines, as well as an advisor to non-profit organizations such as the Bill & Melinda Gates Foundation and The Global Fund to Fight AIDS, Tuberculosis and Malaria. He is the co-founder of the Indian School of Business, American India Foundation, New Silk Route and Scandent Solutions.

<span class="mw-page-title-main">Gary Cohn</span> American businessman & politician (born 1960)

Gary David Cohn is an American businessman and philanthropist who served as the 11th Director of the National Economic Council and chief economic advisor to President Donald Trump from 2017 to 2018. He managed the administration's economic policy agenda. Before serving in the White House, Cohn was president and COO of Goldman Sachs, where he worked for more than 25 years. Cohn was appointed vice-chairman of IBM on January 5, 2021.

<span class="mw-page-title-main">Lloyd Blankfein</span> American investment banker (born 1954)

Lloyd Craig Blankfein is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Previous to leading Goldman Sachs, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson.

<span class="mw-page-title-main">J. Michael Evans</span>

John Michael Evans is a Canadian technology executive and the President of Alibaba Group. He previously spent 20 years working for U.S. investment bank Goldman Sachs and is a former Olympic rower.

<span class="mw-page-title-main">Mercuria</span> Multinational commodity trading company

Mercuria Energy Group Ltd is a Cypriot-domiciled Swiss multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, biodiesel, base metals and agricultural products. The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide. The group operates in 50 different countries.

Jon Winkelried is an American financial executive. He is currently the CEO of TPG. Previously, he served as the co-president of Goldman Sachs from 2006 to February 2009. He is known for suddenly retiring at the peak of his career at age 49 from Goldman Sachs.

<span class="mw-page-title-main">Michael Novogratz</span> American businessman

Michael Edward Novogratz is an American investor, formerly of the investment firm Fortress Investment Group. He is currently CEO of Galaxy Investment Partners which focuses on investments in cryptocurrency.

The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat Gupta. In these proceedings, the men were confronted with insider trading charges: Rajaratnam was convicted, Kumar pleaded guilty and testified as key witness in the criminal trials of Rajaratnam and Gupta, and Gupta was convicted in United States District Court for the Southern District of New York in Manhattan in June 2012.

<span class="mw-page-title-main">Harvey Schwartz</span> American investment banker

Harvey M. Schwartz is an American businessman and philanthropist. He is CEO of The Carlyle Group, the world’s fifth-largest private equity firm. He is also group chairperson and non-executive director of The Bank of London, a clearing and transaction bank. He is on the board of SoFi, a San Francisco-based fintech company, and One Mind, a mental health and brain research nonprofit organization. He formerly worked at Goldman Sachs from 1997 to 2018, with his last post there being president and co-chief operating officer.

<span class="mw-page-title-main">Greenhill & Co.</span> American investment bank

Greenhill & Co., Inc. is an American investment banking advisory firm founded in 1996 by Robert F. Greenhill. The firm provides advice on significant mergers, acquisitions, restructurings, financings, and capital raisings to leading corporations, partnerships, institutions and governments across a number of industries. Since its inception, Greenhill has advised on transactions valued at more than $1 trillion.

<span class="mw-page-title-main">Mark Machin</span>

Mark Machin is a British investor who served as President and CEO of the Canada Pension Plan Investment Board between 2016 and 2021.

Carsten Kengeter is the former CEO of Deutsche Börse. He was the chief executive officer and Head of the management board of Deutsche Börse AG from June 1, 2015, to Jan 1, 2018.

The Goldman Sachs Foundation is a New York–based, not-for-profit private foundation that is a subsidiary of the financial services firm Goldman Sachs and has the goal of bettering humanity worldwide, especially regarding health and education. In recent years its principal philanthropic projects have been: 10,000 Women, and 10,000 Small Businesses.

Ramon Martin Chavez is an American investment banker and entrepreneur. He is vice chairman and partner of Sixth Street Partners. Previously, he served in a variety of senior roles at Goldman Sachs, including chief information officer (2014–2017), chief financial officer, and global co-head of the firm's Securities Division. Marty was also a partner and member of Goldman's management committee. He was the chief technology officer and co-founder of Quorum Software Systems and CEO and co-founder of Kiodex. He is chairman of the board of computational pharmaceutical company Recursion, Board Observer of biotech company Earli and longevity biopharma company Cambrian Biopharma, and board member of Alphabet Inc.

<span class="mw-page-title-main">David M. Solomon</span> American investment banker (born c. 1962)

David Michael Solomon is an American investment banker and the chief executive officer (CEO) of Goldman Sachs, a position he has held since October 2018. He has also been chairman of the bank since January 2019. Before assuming his role as CEO, Solomon was president and chief operating officer from January 2017 to September 2018, and was joint head of the investment banking division from July 2006 to December 2016. Solomon formally succeeded Lloyd Blankfein, the previous CEO, on October 1, 2018, and was named chairman after Blankfein's retirement.

<span class="mw-page-title-main">Jeffrey Currie</span> Ph.D. The University of Chicago 1996

Jeff Currie is an economist and currently Chief Strategy Officer of Energy Pathways at The Carlyle Group. He is the former Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs. He rose to prominence during the 2000s by forecasting the commodity super-cycle and oil spiking above $100 a barrel. He has been labelled a "maverick" for making bold calls that 'pack a punch'. During the 2010s he was known for forecasting oil prices to stay 'lower for longer' to end the shale supply glut, whilst in more recent times his stance has shifted from bearish to considerably bullish, calling for a new commodities "supercycle" in late 2020 driven by underinvestment in supply, a process he has dubbed "the revenge of the old economy."

Sixth Street is a global investment firm with over $70 billion in assets under management. The firm operates nine investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Sixth Street invests in the equity and debt of public and private companies, acquires real estate, finances infrastructure projects, and provides start-up capital to new businesses. Sixth Street has been noted in the financial media for the unusual structure of its largest fund, which is open-ended and able to hold longer-term investments.

Stephen Scherr is the Chief Executive Officer of Hertz and a member of the company’s Board of Directors since February 2022.

References

  1. 1 2 Lee, Yoolim (November 15, 2012). "Richard Elman, head of commodities giant Noble, turns his attention to U.S." Washingtonpost. Retrieved 31 July 2015.
  2. 1 2 "Ex-Noble Group's CEO Alireza Sues Founder Elman for $58 Million". Bloomberg.com. 2017-06-14. Retrieved 2017-10-21.
  3. 1 2 Wells, Peter (30 May 2016). "Noble Group CEO resigns, announces Americas Energy Solutions sale". Financial Times. Retrieved 2019-05-01.
  4. 1 2 "Goldman Asia-Pac co-head Yusuf Alireza to retire". Reuters. 11 November 2011. Retrieved 3 March 2017.
  5. ↑ "Room to Read Appoints Yusuf Alireza as Board of Directors Chair". www.businesswire.com. 2022-03-17. Retrieved 2023-02-20.
  6. ↑ "Noble Group chief executive Yusuf Alireza resigns". poandpo.com. 30 May 2016. Retrieved 2019-05-01.
  7. ↑ Investing (2011-03-21). "Goldman Sachs continues principal investing: analyst | Financial Post". Financial Post. Retrieved 2019-07-04.
  8. ↑ Gopalan, Nisha; Tudor, Alison (2011-11-14). "Commodity Firm Eyes a CEO". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-05-01.
  9. ↑ "Noble Group Says CEO Alireza Resigns; Plans U.S. Asset Sale". bloomberg.com. 30 May 2016. Retrieved 3 March 2017.
  10. ↑ Kent, Sarah (2015-12-23). "Noble Group to Sell Remaining Stake in Noble Agri to Cofco for $750 Million". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-05-01.
  11. 1 2 Millard, Rachel (2018-11-11). "Spectacular fall of the House of Noble". The Sunday Times. ISSN   0956-1382 . Retrieved 2019-05-01.
  12. ↑ "Noble Group denies repos use, slams Iceberg as not credible". The Edge Markets. 2015-06-17. Retrieved 2019-05-01.
  13. ↑ Hughes, Jennifer; Hume, Neil; Sheppard, David (17 June 2015). "Noble Group chief hits back at critics". Financial Times. Retrieved 2019-05-01.
  14. ↑ Blas, Javier; Hoffman, Andy (15 August 2018). "The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks". bloomberg.com. Retrieved 2019-05-01.
  15. 1 2 Farchy, Jack; Chia, Krystal (20 Dec 2018). "How a Last-Minute Raid Derailed Noble Group's Story of Rebirth". bloomberg.com. Retrieved 2019-05-01.
  16. ↑ Palma, Stefania; Hume, Neil; Sheppard, David (20 November 2018). "Singapore authorities launch probe into Noble Group". Financial Times. Retrieved 1 February 2019.
  17. ↑ "Board of directors". Invest in Bahrain. Retrieved 2019-07-04.
  18. ↑ "Board of directors - National Bank of Bahrain". www.nbbonline.com. Retrieved 2019-07-04.
  19. ↑ "Directors". BASREC. Retrieved 2019-07-04.
  20. ↑ "Leadership & Board". www.roomtoread.org. Retrieved 2019-07-04.
  21. ↑ "Board of Advisors Archives". SFS CCAS. Retrieved 2019-07-04.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.