Nemir Kirdar

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Nemir Kirdar
Born(1936-10-28)28 October 1936
Kirkuk, Iraq
Died8 June 2020(2020-06-08) (aged 83)
Cap d'Antibes, France
EducationUniversity of the Pacific (BSc Economics)
Fordham University (MBA)
Harvard Business School (senior management program)
OccupationFounder, CEO and chairman of Investcorp
ChildrenRena Kirdar Sindi
Serra Kirdar

Nemir Amin Kirdar[1] (28 October 1936[2] – 8 June 2020) was an Iraqi Turkmen banker, billionaire, businessman, financier and author. He spent much of his life living in London, and held British citizenship.[3] As a founding father of private equity, and an economic and cultural bridge-builder, he founded Investcorp, a global alternative investment group that operates in Manama, New York, London, Abu Dhabi, Riyadh, Doha and Singapore. Kirdar served as CEO for over 30 years until 2015, becoming chairman, until retiring in 2017.[4] He died at the age of 83 in 2020.[5][6]

Early life[]

Kirdar was born in Kirkuk, Iraq, to the influential Turkmen Kirdar family who were prominent in the politics of the late Ottoman Empire and interwar Iraq. He completed his primary education at Baghdad's Saadoun School, his secondary education at the Jesuit-run Baghdad College, and his initial university education at Robert College in Istanbul, initially studying engineering then switching to economics and liberal arts. He envisioned to pursue a political career in his native Iraq, but after a military coup overthrew the Iraqi monarchy in 1958, Kirdar left Iraq to the United States where his cousins lived. Having only completed three out of four years at Robert College, he had to find a new university that would accept him into the final year for an economics degree.

Career[]

Nemir Kirdar meets David Rockefeller during a visit to Bahrain and Abu Dhabi, 1976.
Kirdar with Investcorp's first board of directors in 1982, shortly after the firm's founding.
Kirdar at the 49th Munich Security Conference, 2013.

Kirdar graduated from the University of the Pacific in California in 1960, with a bachelor's degree in economics. He then moved to Phoenix, Arizona where he began his career in the financial world as a teller for the First National Bank of Arizona. Two years later he returned to Iraq, where he started and sold several businesses. In 1969, he was wrongfully jailed after a misunderstanding over his involvement with a U.S. company he represented, and left Iraq permanently, returning to the United States. After settling in New York, Kirdar returned to the banking industry and earned an MBA at Fordham University's night school.[7] He then worked in South East Asia and Japan for Allied Bank International. In 1974, he joined Chase Manhattan Bank in New York as vice president. Between 1976 and 1981, Kirdar worked in the Middle East, overseeing and directing Chase's banking network in the region.

Having worked in the Middle East and seeing the potential for growth in the region, in 1982, with $50 million in capital from a hotel room in Bahrain, he founded Investcorp, a firm specializing in global alternative investments including private equity, hedge funds, real estate, technology investments and capital growth in the GCC region. The firm connected investors in the Gulf to investment opportunities in the West.

Wealth[]

Kirdar was estimated to have a net worth of over one billion US dollars.[8] Kirdar ranked 206 in the British Rich List 2005.[9] He also ranked No. 26 on the world's most influential Arabs 2009 list.[10]

Academic awards[]

Kirdar received an honorary doctorate in humane letters from Fordham University of New York, Georgetown University in Washington DC; in laws from the University of the Pacific, California; and in economics from Richmond, The American International University in London.[10]

Kirdar was an honorary fellow of St Antony's College, Oxford; member of the United Nations Investments Committee, NYC; member of the board of trustees, Brookings Institution, Washington DC; member of the board of trustees, Eisenhower Exchange Fellowship, Philadelphia, PA; member of the advisory board, School of International & Public Affairs, Columbia University, NYC; founding member of the International Business Council, World Economic Forum, Geneva; member of the Chatham House panel of senior advisers, UK; member of the international council of the Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University; member of the Council for Arab & International Relations, Kuwait; member of the board of trustees, Silatech, Doha, Qatar

Books[]

  • Saving Iraq: Rebuilding a Broken Nation (2009)
  • In Pursuit of Fulfilment: Principle, Passion, Resolve (2012)
  • Need, Respect, Trust: The Memoir of a Vision (2013)

In film, television and theatre[]

Youssef Kerkour portrayed Kirdar in the 2021 film House of Gucci.[11]

References[]

  1. ^ Marquis (1990). Who's who in the World. ISBN 9780837911106.
  2. ^ Kirdar, Nemir (13 September 2012). In Pursuit of Fulfilment: Principle Passion Resolve - Nemir Kirdar - Google Books. ISBN 9780297869511. Retrieved 10 June 2020.
  3. ^ "INEED, RESPECT, TRUST – The memoir of a vision by Nemir Kirdar". Investcorp. Retrieved 27 February 2019. Nemir Kirdar...now a British citizen, he was born in Iraq but left the country after the military coup of 1958.
  4. ^ [1]
  5. ^ "Nemir Kirdar, father of private equity globally, dies at 83". thenational.ae. Retrieved 9 June 2020.
  6. ^ Reed, Stanley (18 June 2020). "Nemir Kirdar, Middle East Financier With Foot in the West, Dies at 83". The New York Times. Retrieved 19 June 2020.
  7. ^ "The power hundred list 2007, 61# Nemir Kirdar". Archived from the original on 11 October 2008. Retrieved 5 July 2009.
  8. ^ The Wall Street Journal: New Law Makes Escape Tougher For Tax Exiles
  9. ^ The Sunday Times Rich List
  10. ^ a b "The world's most influential Arabs 2009 list, 26# Nemir Kirdar". Archived from the original on 28 May 2009. Retrieved 5 July 2009.
  11. ^ Scott, Ridley (24 November 2021), House of Gucci (Crime, Drama, Thriller), BRON Studios, Metro-Goldwyn-Mayer (MGM), Scott Free Productions, retrieved 21 November 2021

External links[]

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