Joseph Sigelman
{{Short description|American Businessman}}
{{Infobox person
| name = Joseph Sigelman
| image =
| birth_date = {{birth date and age|1971|2|6}}
| birth_place = New York City, United States
| nationality = American, Filipino
| alma_mater = Princeton University (BA)
Harvard Business School (MBA)
| children = 2
| years_active = 1999–present
| website = {{URL|www.joesigelman.com}}
}}
Joseph Sigelman (born February 6, 1971){{Cite web |title=house of - AWS |url=https://hrep-website.s3.ap-southeast-1.amazonaws.com/legisdocs/basic_18/HB03075.pdf}} is an American businessman. He is a co-founder of AG&P Group and ex-CEO of OfficeTiger.{{Cite web |title=CNN.com - Transcripts |url=https://transcripts.cnn.com/show/cnnitm/date/2004-02-28/segment/00 |access-date=June 2, 2022 |website=transcripts.cnn.com}}{{Cite book |last=Kuan |first=Judy S. |url=https://books.google.com/books?id=JzUHKuv83O0C&pg=PA99 |title=Offshore Business Sourcing Special Report on Law & Strategy |date=2004 |publisher=WorldTrade Executive, Inc. |isbn=978-1-893323-65-0 |language=en}}{{Cite web |title=Joseph Sigelman – AG&P Global |url=https://agpglobal.com/management-team/lng-platform-team/joseph-sigelman/ |access-date=June 2, 2022 |language=en-US}}
Early life and education
Joseph Sigelman was born on February 6, 1971, in New York City, in the United States.{{Cite web |title=2 businessmen to become Filipinos by legislative action |url=https://mb.com.ph/2020/09/11/2-businessmen-to-become-filipinos-by-legislative-action/ |access-date=June 2, 2022 |website=Manila Bulletin |language=en-US}} 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.{{Cite web |last=Dumlao |first=Doris C. |date=August 11, 2012 |title=American entrepreneur bets big on PH |url=https://business.inquirer.net/76323/american-entrepreneur-bets-big-on-ph |access-date=June 2, 2022 |website=INQUIRER.net |language=en}}{{Cite web |title=OfficeTiger: An amazing success story |url=https://www.rediff.com/money/2006/sep/14bspec.htm |access-date=June 2, 2022 |website=www.rediff.com}} Sigelman is married and has two children, who were both born in the Philippines.{{cite journal |title=Committee on Justice Report |journal=Congress of the Republic of the Philippines |date=21 September 2020 |volume=7723 |issue=515 |url=https://hrep-website.s3.ap-southeast-1.amazonaws.com/legisdocs/first_18/CR00515.pdf |access-date=20 December 2022}}
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.{{Cite web |last=S.A.S |first=Editorial La República |title=Exjefe de PetroTiger, Joseph Sigelman, acusado de soborno |url=https://www.larepublica.co/globoeconomia/exjefe-de-petrotiger-joseph-sigelman-acusado-de-soborno-2098249 |access-date=June 2, 2022 |website=Diario La República |language=es}}
= Early career =
In 2004, OfficeTiger had over 2,000 employees and operated in both the US and the UK. In 2006, the company was arguably one of the first businesses worldwide to engage in business process outsourcing in India. OfficeTiger was sold to RR Donnelley & Sons in a US$250 million cash sale.{{cite web | url= https://www.rediff.com/money/2006/sep/14bspec.htm | title = OfficeTiger: An amazing success story | date= 2006-09-14 | access-date= 2022-06-02 |author=Warrier, Shobha | website= Rediff News}}
Sigelman then started a new company PetroTiger Ltd, a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey.{{cite web | url= https://www.bii.co.uk/en/our-impact/underlying/petrotiger/ | title = Summum Corp (PetroTiger) Business Profile | access-date= 2023-01-15 | website= British International Investment Group}}
In 2013, Sigelman was prosecuted for corruption crimes in relation to dealings between PetroTiger and Colombian officials that were in violation of the Foreign Corrupt Practices Act.{{cite web | url= https://www.justice.gov/opa/pr/former-chief-executive-officer-oil-services-company-pleads-guilty-foreign-bribery-charge | title = News Release: Former Chief Executive Officer of Oil Services Company Pleads Guilty to Foreign Bribery Charge | date= 2015-06-15 | access-date= 2022-06-16 | website= United States Department of Justice}} In 2015, the charges were downgraded and some were dropped, and Sigelman pleaded guilty to a single offence and was fined $100,000.{{cite news | url= https://www.reuters.com/article/petrotiger-sigelman-idUSL1N0Z21UU20150616 | title = Ex-PetroTiger co-CEO avoids prison in bribery case | date= 2015-06-17 | access-date= 2022-06-03 | publisher= Reuters}}{{cite news | url= https://www.wsj.com/articles/ex-ceo-of-petrotiger-sentenced-to-probation-over-bribery-1434469990 | title = Ex-CEO Sigelman of PetroTiger Sentenced to Probation Over Bribery | date= 2015-06-16 | access-date= 2023-01-15 | publisher= The Wall Street Journal}}{{cite news | url= https://www.bloomberg.com/news/articles/2015-01-14/felon-or-mark#xj4y7vzkg | title = Does This Man Look Like a Felon to You? | date= 2015-01-15 | access-date= 2022-12-12 | publisher= Bloomberg}}
= 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). 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.{{cite web | url= https://agpglobal.com/who-we-are/ | title = Who We Are | access-date= 2023-01-15 | website= AG&P Global| date = 22 January 2022 }}{{cite web | url= https://www.bloomberg.com/profile/company/7771251Z:PM | title = Atlantic Gulf & Pacific Co Of Manila Inc Profile | access-date= 2023-01-15 | publisher= Bloomberg}}
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.{{cite news |last1=Merrill |first1=Paul |title=Revolutionising gas: Joseph Sigelman |url=https://www.theceomagazine.com/executive-interviews/utilities-energy/joseph-sigelman/ |access-date=27 June 2022 |work=CEO |date=17 June 2022}}
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.{{cite web | url= https://www.weforum.org/pages/fellows | title = Fellows | access-date= 2023-01-10 | website= World Economic Forum Organisation}}
References
{{Reflist}}
External links
- {{Crunchbase|id=Joseph-Sigelman|type=person}}
{{DEFAULTSORT:Sigelman, Joseph}}
Category:Businesspeople from New York City
Category:Harvard Business School alumni
Category:Princeton University alumni
Category:American expatriates in the Philippines