"While there are large pools of institutional assets in Asia, only a small portion is outsourced to external managers." Indeed, Yeh was born into the world of wealth, though not groomed to be a guardian of it. Some of his personality traits--a short attention span, a weakness for hectic multitasking between e-mail, phone calls and face-to-face conversations, and an obvious awkwardness when socializing--were apparent from his early days working on a proprietary trading desk at Lazard in London. "The arrogance and impatience of youth had kicked in big time," he sighs. In 2002 Yeh helped launch Argyle Street Management, a distressed-asset specialist that last summer profited by buying bonds from investors fleeing China's Asia Aluminum. TOKYO: Finance Minister Arun Jaitley arrived here today on a six-day visit during which he will meet Japanese Prime Minister Shinzo Abe as well as several "That's when I started traveling first class--to give people the impression that I wasn't broke!". Your fees are based on the size of your assets. Gurgaon resident Raman Sharma has alleged that land for the 'Medicity Project' was allotted to Trehan, Sunil Sachdeva, The CII CEO delegation includes senior industry leaders like Naushad Forbes, President, CII and Co-Chairman, Forbes Marshall Pvt Ltd, Punj Llyod Chairman Atul Punj, Bharat Forge executive director Amit B Kalyani, DCM Chairman and Managing Director Ajay S Shriram and Wipro's Japan head Naohide Takatani. The CII CEO delegation includes senior industry leaders like Naushad Forbes, President, CII and Co-Chairman, Forbes Marshall Pvt Ltd, Punj Llyod Chairman Atul Punj, … "I was fed up with wrapping wool around pipes that somebody else had built," he relates. Finance Minister Arun Jaitley arrived here on Sunday, May 29 a six-day visit during which he will meet Japanese Prime Minister Shinzo Abe. In June it forged a partnership with Singapore Technologies Kinetics to make defense equipment. And the next year he helped start Cheetah Investment Management, one of the first Hong Kong hedge funds known for striking smart partnerships with other fund managers in Hong Kong, South Korea and Japan to invest in domestic stocks. The delegation comprises senior industry leaders like Dr. Naushad Forbes, President, CII and Co-Chairman, Forbes Marshall Pvt. You may opt-out by. 7. "The more money you have, the more scale you have to run your operations. It not only operates in India but also in different countries like UAE, Malaysia, Singapore, etc. From Mumbai, I track the wealth of India's richest and also oversee the Asian rich lists for Forbes Asia. Punj Lloyd. Ask Japan. He was back to being a zero. Highlights of Forbes Global CEO Conference 2009. When the Punj Group, a leading Indian supplier of air-conditioning and insulation materials, split up in 1989, Atul Punj, then 32 and the third generation in the business, got a piece nobody in his family wanted: a construction outfit with revenues of $2 million and … But Atul is unfazed. CLAIM TO FAME: Helped launch Value Partners, Asia's second-largest independent asset- management company. "We've had some serious tailwind behind us in recent years, but this is a real stretch goal," he acknowledges. Atul has set a tall target for Punj: to be among the top five engineering and construction firms by 2012 in the markets in which it operates. "I was a little hands-on initially, but you really have to trust your partners.". (It now is only a fourth the size of Larsen & Toubro.) Everything is on the table." He was also ranked 1567 with his net worth of USD 1.3 billion in As good as it is at generating wealth, Asia has been less proficient at producing fund-management firms to manage it. As for Atul, the 44% stake that he holds with his family is worth $386 million today. © 2021 Forbes Media LLC. "That's when our journey really started," says Atul. "We look at the underlying structure, analyzing the company, its cash flow, the business, almost from a private equity viewpoint," he says. The company has executed projects in as many as 60 countries and gets 65% of revenues from overseas. His father, Geoffrey Meou-tsen Yeh, is still active on the Hong Kong corporate scene at 78. The CII CEO delegation includes senior industry leaders like Naushad Forbes, President, CII and Co-Chairman, Forbes Marshall Pvt Ltd, Punj Llyod Chairman Atul Punj, Bharat Forge executive director Amit B Kalyani, DCM Chairman and Managing Director Ajay S Shriram and Wipro's Japan head Naohide Takatani. Punj Lloyd got its first overseas break as a sub-contractor to PT Trihasra Bimanusa Tunggal, an Indonesian firm with Suharto family ties that had the contract to build a 130-mile pipeline for Pertamina, the state-owned petroleum firm. Now Yeh has signed on with Shirish Saraf, the flamboyant founder of Dubai's Abraaj Capital, the Middle East's largest private equity firm. From Mumbai, I track the wealth of India's richest and also oversee the Asian rich lists for Forbes Asia. Not only did he orchestrate the 1992 delisting of Hsin Chong to allow other family members to cash out, but he also eventually engineered the family's exit from all listed interests by mid-2008. We still do hedging like a hedge fund, but not much. Falling oil prices and the ongoing global slowdown underscore the challenges for Punj Lloyd. I cover regional corporates and entrepreneurs for Forbes Asia magazine as a contributing correspondent. Ask Japan. In January 2000 Nomura Securities offered to buy Spectranet for $350 million, boosting its offer to $550 million in August. I cover regional corporates and entrepreneurs for Forbes Asia magazine as a contributing correspondent. Mr Atul Punj, Chairman, Punj Lloyd Ltd Mr Nadir B Godrej, Managing Director, Godrej Industries Ltd Mr Vikram Kirloskar, Vice Chairman , Toyota Kirloskar Motor Pvt Ltd He was grilled by a ministry bureaucrat in New Delhi: "Young man, has your company ever welded two pipes before?" It's one of many lessons he's imbibed over an eventful career. The company has been on a tear, growing revenues and net profits at 40% annually on a compounded basis since 2004. ED books Medanta Hospital chairman Naresh Trehan, 15 others under PMLA for 'irregularities' in land allotment for 'Medicity' in Gurugram The Enforcement Directorate (ED) has filed a money laundering case against renowned cardiologist Dr Naresh Trehan and others in connection with allotment of land for the Medanta Hospital in Gurgaon, officials said on Wednesday.