Wilbur Ross

Secretary of Commerce at United States Department of Commerce

Wilbur Ross

Wilbur Ross

Secretary of Commerce at United States Department of Commerce

Overview
Career Highlights

INVESCO Private Capital, Inc.
International Automotive Components Group, S.A.
SpiceJet Ltd.

RelSci Relationships

6438

Primary Location

Washington, DC, United States

Number of Boards

109

Birthday

11/1937 - Weehawken, NJ, United States

Age

81

Number of Awards

24

Estimated Net Worth

$2.5B

Relationships
RelSci Relationships are individuals Wilbur Ross likely has professional access to. A relationship does not necessarily indicate a personal connection.

Managing Director at W.L. Ross & Co. LLC

Relationship likelihood: Strong

Senior Managing Director, Co-Head & Chairman of the Investment Committee at W.L. Ross & Co. LLC

Relationship likelihood: Strong

Professional at WLR IV Parallel ESC LP

Relationship likelihood: Strong

Vice Chairman at W.L. Ross & Co. LLC

Relationship likelihood: Strong

Lecturer in Accounting at Cornell University

Relationship likelihood: Strong

Senior Managing Director & Co-Head at W.L. Ross & Co. LLC

Relationship likelihood: Strong

Former Managing Director at W.L. Ross & Co. LLC

Relationship likelihood: Strong

Managing Director at Seaport Global Securities LLC

Relationship likelihood: Strong

Chief Accounting Officer & Controller at Invesco Ltd.

Relationship likelihood: Strong

General Partner at Invesco Ltd.

Relationship likelihood: Strong

Paths to Wilbur Ross
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Wilbur Ross
Secretary of Commerce at United States Department of Commerce
Family Members
Step Child
Managing Director at White Elm Capital LLC

White Elm Capital manages a global equity long/short hedge fund and seeks to generate returns that are superior to the broad equity market averages with less risk than the overall market. White Elm uses fundamental, bottom-up, company specific research to make their investment selections. While the funds' assets are invested primarily in publicly traded equity securities, White Elm has broad and flexible investment authority. Accordingly, the funds' investments may also include long or short positions in U.S. or non-U.S. publicly traded or privately issued or negotiated common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes, structured notes or other debentures or debt participations, convertible securities, fixed income securities, swaps, options (purchased or written), futures contracts, commodities, forward contracts and other derivative instruments, partnership interests and other securities or financial instruments including those of investment companies.White Elm utilizes fundamental research and is quantitative in their approach to company valuation. The firm employs the following investment strategies: Equity, Short Selling, Hedging, and Leverage.The firm's equity strategy is based on fundamental, company-specific research. In addition, the funds invest in diversified sectors globally in developed and emerging markets across all market caps. White Elm conducts a quantitative assessment of each equity position, based on the company's expected return, to optimize position sizing and risk exposures across each fund's portfolio. White Elm makes short sales as a form of hedging to offset potential declines in long positions in similar securities. They also use short sales to maintain flexibility and to generate profits. The firm uses a variety of financial instruments such as derivatives, including options, forwards and futures, for, among other things, risk management purposes. White Elm may seek to hedge against currency fluctuations. White Elm also employs the use of leverage.

Spouse
Society Writer at Quest Magazines Ltd.

Quest Magazines Ltd., a subsidiary of Wilmington plc, is a company headquartered in London, UK, focused on periodicals: publishing, or publishing and printing.

Education
MBA with Distinction
Class of 1961

Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review.

BA
Class of 1959

Yale University is an American private Ivy League research university located in New Haven, Connecticut. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States.

Attendee

Xavier High School Corporation of Middletown is an American private company located in Middletown, CT, specializing in elementary and secondary schools.

Memberships
Member
Current

ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more 12,600 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals providing a forum for the exchange of ideas and information.

Member
Current

Turnaround Management Association (TMA) is a non-profit association dedicated to corporate renewal and turnaround management. Established in 1988, TMA has more than 9,000 members in 48 chapters, including 31 in North America and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Romania, Southern Africa, Spain, Sweden, Taiwan and the United Kingdom, with a chapter in formation in Singapore.The TMA Certification Program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal. Applicants for certification must meet stringent standards of education, experience and professional conduct, pass a comprehensive examination and maintain the credential through continuing education credits.

Career History
Chief Executive Officer
2009 - ?

SpiceJet Ltd. engages in the provision of air transport services for the carriage of passengers and cargo. It operates a fleet of aircrafts across India under the SpiceJet brand. The company was founded on February 9, 1984 and is headquartered in Gurgaon, India.

Chairman & Chief Executive Officer
Tenure Unconfirmed

Part of Invesco Ltd., Nippon Investment Partners LP is a Japanese company located in Tokyo involved in investors,. Wilbur L. Ross is currently the CEO of the firm.

Executive Managing Director
1974 - 2000

Rothschild, Inc., part of Rothschild & Co. SCA, is a company headquartered in New York, NY, that provides investment banking and advisory services.

Boards & Committees
Chairman of the Board, Chief Executive Officer
Prior - 2017

Nexeo Solutions, Inc. engaged in the distribution of chemicals products. It operates through the following segments: Chemicals, Plastics, and Other. The Chemicals segment distributes specialty and industrial chemicals, additives, and solvents to industrial users via railcars, barges, bulk tanker trucks, and as packaged goods in trucks. The Plastics segment offers a product line consisting of commodity polymer products and prime engineering resins to plastics processors engaged in blow molding, extrusion, injection molding, and rotation molding via railcars, bulk trucks, truckload boxes, and less-than-truckload quantities. The Other segment comprises of environmental services and waste disposal service companies, provides customers with comprehensive on-site and off-site hazardous and non-hazardous waste collection, transportation, recovery, disposal arrangement, and recycling services. The company was founded on March 24, 2014 and is headquartered in The Woodlands, TX.

Member, Board of Directors
Prior - 2017

EXCO Production (WV) LLC explores and produces oil and natural gas. The company is headquartered in Dallas, TX.

Vice Chairman
2016 - 2017

Bank of Cyprus Holdings Plc engages in the provision of banking, financial services, insurance services and management, and disposal of property. It operates through the following segments: Corporate, Small and Medium-Sized Enterprises, Retail, Restricting and Recoveries, International Banking Services, Wealth Management, Real Estate Management Unit (REMU), Treasury, Insurance, And Others. The Corporate, Small and Medium-Sized Enterprises, Retail segments are managing loans and advances to customers. The Restructuring and Recoveries segment is the specialized unit which is a set up to tackle the group's loan portfolio quality and manages exposures to borrowers in distress situation through innovative solutions. The International Banking Services segment specializes in the offering of banking services to the international corporate and non-resident individuals, particularly international business companies whose ownership and business activities lie outside Cyprus. The Wealth Management segment oversees the provision of institutional wealth private banking, global markets, brokerage, asset management, investment banking and depository services. The REMU segment manages properties acquired through debt-for-property swaps and properties acquired through the acquisition of certain operations of Laiki Bank in 2013, and executes exit strategies in order to monetize these assets. The Treasury segment is responsible for liquidity management and for overseeing operations to ensure compliance with internal and regulatory liquidity policies and provide direction as to the actions to be taken regarding liquidity availability. The Insurance segment is involved in both life and general insurance business. The Others segment includes head office functions such as finance, risk management, compliance, legal, corporate affairs and human resources. The company was founded on July 11, 2016 and is headquartered in Nicosia, Cyprus.

Non-Executive Chairman
2005 - 2014

International Automotive Components (IAC) is the third largest automotive interior components supplier in the world by market share and the only global supplier with a singular focus on interiors. Their manufacturing operations are segmented into three geographic regions: Europe, Asia and North America. They are headquartered in Luxembourg. IAC's strong global footprint includes approximately 32,000 employees at nearly 100 locations in 21 countries.

Chairman, Board of Directors
Prior

Japan Society is the leading U.S. organization committed to deepening mutual understanding between the United States and Japan in a global context. Now in its second century, the Society serves audiences across the United States and abroad through innovative programs in arts and culture, public policy, business, language and education.

Trustee
Prior

The Brookings Institution is a nonprofit public policy organization based in Washington, DC. Our mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations that advance three broad goals: Strengthen American democracy; Foster the economic and social welfare, security and opportunity of all Americans; and Secure a more open, safe, prosperous and cooperative international system. Brookings is proud to be consistently ranked as the most influential, most quoted and most trusted think tank

Non-Profit Donations & Grants

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$5,000 - $10K
2012

Central Park Conservancy, Inc. maintains and develops the New York Central Park. They offer lawns pruning, trees fertilization, shrubs & flowers plantation, ball fields and playgrounds maintenance, graffiti removing, and monuments conservation. The firm also provides water bodies and woodlands sanitation, erosion control, drainage cleanliness, pollution control, and salvation prevention services. The company was founded in 1980 and is headquartered in New York, NY.

$50K - $100K
2012

The Brookings Institution is a nonprofit public policy organization based in Washington, DC. Our mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations that advance three broad goals: Strengthen American democracy; Foster the economic and social welfare, security and opportunity of all Americans; and Secure a more open, safe, prosperous and cooperative international system. Brookings is proud to be consistently ranked as the most influential, most quoted and most trusted think tank

N/A
2011

ACCION International provides microcredit and financial support services. Its services include investments and client education. The company was founded by Joseph Blatchford in 1961 and is headquartered in Cambridge, MA.

Political Donations
$20K
2015

Senior Strategic Advisor at Squire Patton Boggs LLP

$10K
2015

Senator from Florida

$25K
2013

Senior Strategic Advisor at Squire Patton Boggs LLP

Transactions
Details Hidden

Kühne Holding AG purchases VTG AG from W.L. Ross & Co. LLC

Details Hidden

Crypton LLC purchases Nanotex LLC from Firelake Capital Management LLC, Masters Capital Management LLC, W.L. Ross & Co. LLC, Norwest Venture Partners

Details Hidden

Transportation Recovery Fund LP raised money in a private placement transaction

Investments
Details Hidden
Details Hidden
Awards & Honors
Rank #814
2017
Forbes Magazine - The World's Billionaires
Rank #595
2016
Forbes Magazine - The World's Billionaires
Rank #227
2015
Forbes Magazine - 400 Richest People in America
Events
Speaker
Tiger 21 Headliner Series

The TIGER 21 Headliner Series is a premier speaking venue that attracts some of the world’s most prominent thought leaders.

Speaker
New York City, NY
The International Insolvency Institute 9th Annual Conference

Speaker
2018 World Economic Forum Annual Meeting

Other Affiliations

Wilbur Ross is affiliated with SpiceJet Ltd., Nippon Investment Partners LP, Rothschild, Inc., W.L. Ross & Co. LLC, Homeward Residential, Inc., International Automotive Components Group Ltd., International Steel Group, Inc., WL Ross Group LP, New York Office of the Mayor, Rudy Giuliani, Elevate Textiles, Inc., International Coal Group, Inc., Nexeo Solutions, Inc., INVESCO Private Capital, Inc., BankUnited, Inc., United States Department of Commerce, International Automotive Components Group, S.A. , Invesco Advisers, Inc., KTI, Inc., Casella Waste Systems Inc., World Air Holdings, Inc., Air Lease Corp., International Automotive Components Group Brazil LLC, Nexeo Solutions, Inc., EXCO Production Company (WV) LLC, Bank of Cyprus Holdings Plc, Bank of Cyprus Public Co., Ltd., IAC Group LLC, Bank of Ireland, Diamond S Shipping Group, Inc., Ocwen Financial Corporation, NBNK Investments Plc, EXCO Resources, Inc., Navigator Holdings Ltd., Air Lease Corp., Sun Bancorp, Inc., Talmer Bank and Trust, Sun National Bank (Mount Laurel, New Jersey), Talmer Bancorp, Inc., BankUnited NA, Clarent Hospital Corp., BankUnited, Inc., Greenbrier Cos., Inc., Plascar Participações Industriais SA, Assured Guaranty Ltd., ArcelorMittal NV, Cone Mills Corp., Montpelier Re Holdings Ltd., Safety Components International, Inc., Mittal Steel Co. NV, Elevate Textiles, Inc., ArcelorMittal SA, International Coal Group, Inc., ICG, Inc., ISG, Inc., Burlington Industries, Inc., Ohizumi Mfg. Co., Ltd., International Steel Group, Inc., Trinity Place Holdings, Inc., Casella Waste Systems Inc., News Communications. Inc., International Automotive Components Group Brazil LLC, Invesco Ltd., Homeward Residential, Inc., International Automotive Components Group North America, Inc., Nanotex LLC, Nexeo Solutions LLC, International Auto Components Group SL, DSS Holdings LP, TongYang Life Insurance Co., Ltd., VTG AG, Wagon Plc, Oxford Automotive Europe ApS, U.S. India Business Council, The US Russia Investment Fund, Nikko Electric Industry Co., Ltd., Insuratex Ltd., Iacna International, Inc., IAC Asia Holdings, Inc., IAC Mexico Holdings, Inc., Stankiewicz International Corp., Phoenix International Holdings, Inc., IAC Acquisition Corp. Ltd., Briarcliffe, Inc., International Automotive Group North America LLC, IAC US Holdings, Inc., OCM Ltd., PB Materials Holdings, Inc., John Deere Electronic Solutions, Inc., Iacna Korea, Inc., International Automotive Components Group GmbH, W.L. Ross & Co. LLC, INVESCO Private Capital, Inc., Nippon Investment Partners LP, IPE-Ross Management Ltd., Diamond S Management LLC, Compagnie Européenne de Wagons S.à.r.l., Marquis Who's Who LLC, American Home Mortgage Servicing, Inc. - Maryland, Taiyo Pacific Partners LP, OCM Pvt Ltd., The Preservation Foundation of Palm Beach, Inc., ArcelorMittal (Private Equity), Phoenix International Insurance Co., International Automotive Components Group Ltd., Invesco Partnership Fund VI LP, Masters Capital Nanotechnology Fund LP, The Magritte Museum, Turbo Ride SL, Blue Ocean Re Holdings Ltd., International Automotive Components Group, S.A. , The Japan Society of New York, The Brookings Institution, Palm Beach Firefighters Retirement Fund, Smithsonian Institution National Board, Whitney Museum of American Art, The Partnership for New York City, Museum of American Finance, Yale University - Yale School of Management, Turnaround Management Association, Harvard University - Harvard Business School, Palm Beach Civic Association, Committee On Capital Markets Regulation, The British & American Business, Inc. of New York & London, Harvard Business School Club of New York, Yale University, Business Roundtable, Harvard University - Committee on University Resources, The Blenheim American Foundation

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