Ajit Gunottam Hutheesing was the founder, chairman and chief executive officer of International Capital Partners Inc.
11 Facts About Ajit Hutheesing
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Ajit Hutheesing was born in Mumbai, India into the prominent Hutheesing family.
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Ajit 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.
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Ajit Hutheesing received his MBA from Columbia Business School in New York.
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Ajit Hutheesing 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.
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Ajit Hutheesing spent 10 years at IFC during most of which he headed IFC's investment activities in the southern cone countries of South America.
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In 1975, at the invitation of an old friend, James D Wolfensohn, then President and CEO of Schroders USA, Hutheesing joined J Henry Schroder Corporation, New York, as its managing director and as Director of Schroder International.
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Ajit Hutheesing spent considerable time in Brazil developing business for Schroders.
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Ajit Hutheesing was named vice-chairman of J Henry Schroder Corporation in 1982.
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Ajit Hutheesing 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.
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Ajit Hutheesing was diagnosed with idiopathic pulmonary fibrosis, before he died on 8 December 2017, aged 81.