Intent on pursuing a career in public service in his native Iraq, the firm’s founder, Nemir Kirdar, finds his aspirations brutally cut short by a coup d’état and the massacre of Iraq’s royal family. Seeing no future in Iraq, Kirdar flees to the United States to continue his studies. Persuaded to return and set up his own business, he is later incarcerated in a Ba’ath Party jail.
Released, he arrives for the second time on US shores with $800 in his pocket and begins training at the lowest level in New York’s banking industry. Through talent and application, he climbs the corporate ladder and ends up running Chase Manhattan’s business in the Arabian Gulf.
There is a convergence of business and economic trends that change his life and leads him to create a new kind of banking institution. This banking institution is Investcorp. Built on integrity and principle, Investcorp becomes a bridge between the burgeoning oil wealth of the Gulf and alternative investment opportunities in the West on both sides of the Atlantic.
Need, Respect, Trust is the story of what happens when an ideal meets real life. Obstacles must constantly be overcome, and they have been; over three decades, Investcorp has revitalised some of the most iconic American and European companies, including Tiffany, Gucci, Chaumet, Club Car, Circle K and Breguet. It has become a globally recognised institution which invests with and on behalf of its clients in corporate investments, hedge funds and real estate investments around the world.
This is an inspirational book not only about Investcorp but about what can be achieved through courage, vision, passion and leadership. Need, Respect, Trust is not only a fascinating memoir, but also a wise and superbly well-informed account of the uniquely difficult recent history of the Middle East.