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Sigelman runs the AG&P Group, a construction company based in the Philippines which was acquired in 2010 and reoriented to be an [[Liquefied natural gas|LNG]] [[import]], and [[Distribution (marketing)|distribution company]]<ref name=":2" /><ref>{{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}}</ref>
Sigelman runs the AG&P Group, a construction company based in the Philippines which was acquired in 2010 and reoriented to be an [[Liquefied natural gas|LNG]] [[import]], and [[Distribution (marketing)|distribution company]]<ref name=":2" /><ref>{{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}}</ref>

==Criminal charges==
Sigelman was arrested on January 3, 2014, in the [[Philippines]]. On June 15, 2015, Sigelman pleaded guilty to paying bribes to a foreign government official in violation of the [[Foreign Corrupt Practices Act]] (FCPA).<ref>{{Cite web |date=June 15, 2015 |title=Former Chief Executive Officer of Oil Services Company Pleads Guilty to Foreign Bribery Charge |url=https://www.justice.gov/opa/pr/former-chief-executive-officer-oil-services-company-pleads-guilty-foreign-bribery-charge |access-date=June 3, 2022 |website=www.justice.gov |language=en}}</ref>

Sigelman was sentenced to three years of [[probation]], a $100,000 fine, and $239,015 in [[restitution]] by U.S. District Judge [[Joseph E. Irenas|Joseph Irenas]] in [[Camden, New Jersey]].<ref>{{Cite news |date=June 16, 2015 |title=Ex-PetroTiger co-CEO avoids prison in bribery case |language=en |work=Reuters |url=https://www.reuters.com/article/petrotiger-sigelman-idUSL1N0Z21UU20150616 |access-date=June 3, 2022}}</ref>


==References==
==References==

Revision as of 13:50, 20 January 2023

Joseph 'Joe' Sigelman
File:Joe Sigelman.jpg
Born (1971-02-05) 5 February 1971 (age 53)
New York City, United States
NationalityAmerican, Phillipino
Alma materPrinceton University (BA)
Harvard Business School (MBA)
Known forCo-founder, OfficeTiger Ltd
SpouseAyesha
Children2
Websitewww.joesigelman.com

Joseph Sigelman (born 6 February 1971)[1] is an American businessman and co-founder of AG&P Group and ex-CEO of OfficeTiger.[2][3][4]


Early life, family and education

Sigelman was born in New York in the United States. 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.[5] Sigelman is married to wife, Ayesha, and has two children, Maya Jessica and Daniel Cyrus, who were both born in the Philippines.[6]

Career

Sigelman started his career in investment banking with Lazard Frères & Co and later the London Offices of Goldman Sachs, where he had summer interned during his studies. In 1999, he along with friend and business partner, Randy Altschuler started their first business, OfficeTiger.[7]

Early career

In 2004, the company had over 2,000 employees and operated in both the US and the UK.[8] In 2006 the company was arguably one of the first businesses worldwide to enter the business process outsourcing space in India and closed a US$250 million cash sale to RR Donnelley & Sons.[9]

Sigelman further expanded the business operations, with the opening of a new company PetroTiger Ltd, a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey.[10] The company provided oil, gas, hydrocarbon, and infrastructure services in North and South America.[11]

In 2013, legal proceedings against Sigelman in relation to dealings between PetroTiger and Columbian Officials were in violation of the Foreign Corrupt Practices Act.[12] Proceedings were concluded in 2015, with Sigelman being fined $100,000.[13] The Judge, Judge Joseph Irenas, criticized the prosecutors of the case, saying he felt he was “being played with” after they decided “not to complete the trial”. Irenas also pointed out that Sigelman has proven his ability to do great good in relation to the work he was doing in developing nations like Columbia. [14] Bloomberg financial news also questioned the prosecution of Sigelman, suggesting he may have been a ‘Mark’ for others involved. [15]

Atlantic Gulf & Pacific

In 2010, along with a group of shareholders, Sigelman led the acquisition of Philippines-based business, Atlantic Gulf & Pacific (AG&P).[16] AG&P is a company that focuses on downstream Liquefied Natural Gas import and distribution as well as major engineering and construction operations.[17][18]

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.[19]

In addition to his vast business career, Sigelman was a World Economic Forum Young Global Leader, a Businessweek Star of Asia, and Asia CEO Expat Executive of the Year. Joe is a life member of the Council on Foreign Relations.[20]

Philippine citizenship

Sigelman first came to the Philippines in 2004 and established a home in Manila, where his two children were later born. In 2019, 18th Congress of the Philippines House of Representatives member, Rosanna Vergara introduced legislation into the congress seeking to grant Sigelman Philippine Citizenship. Vergara said that Sigelman had embraced the local culture, tradition, and ideals of someone who deserved citizenship. [21][22]

The legislation was referred to the Committee on Justice in September 2019 and following a lengthy debate within the Committee, members recommended that Sigelman's citizenship be granted by Congress in September 2020.[23] The congress introduced a new Senate Bill that was subsequently passed into law, and Sigelman and his family were granted citizenship.[24] Local media reported the legislation passed uncontroversial and without protest from congressional members.[25]

References

  1. ^ "Committee on Justice Report" (PDF). Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  2. ^ "Your Money: Donald Trump's "Apprentice" Big Hit; Interview with Dr. Laura Schlessinger; Roy Disney Wants To Oust CEO Micheal Eisner". CNN Transcripts. Cable News Network. 2004-02-28. Retrieved 2022-06-2. {{cite web}}: Check date values in: |access-date= (help)
  3. ^ Judy S. Kuan, ed. (2004). "5". Offshore business sourcing : special report on law & strategy. Concord, MA: World Trade Executive. p. 99. ISBN 9781893323650.
  4. ^ "Joseph Sigelman". AG&P Global. Retrieved 2022-06-2. {{cite web}}: Check date values in: |access-date= (help)
  5. ^ "OfficeTiger: An amazing success story". Rediff News. 2006-09-14. Retrieved 2022-06-2. {{cite web}}: Check date values in: |access-date= (help); Unknown parameter |authors= ignored (help)
  6. ^ "Committee on Justice Report" (PDF). Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  7. ^ "Exjefe de PetroTiger, Joseph Sigelman, acusado de soborno" [soborno/Former PetroTiger boss Joseph Sigelman charged with bribery]. La Republica (in Spanish). Originally Published in Bloomberg. 2014-01-7. Retrieved 2022-06-2. {{cite news}}: Check date values in: |access-date= and |date= (help)
  8. ^ Judy S. Kuan, ed. (2004). "5". Offshore business sourcing : special report on law & strategy. Concord, MA: World Trade Executive. p. 99. ISBN 9781893323650.
  9. ^ "OfficeTiger: An amazing success story". Rediff News. 2006-09-14. Retrieved 2022-06-2. {{cite web}}: Check date values in: |access-date= (help); Unknown parameter |authors= ignored (help)
  10. ^ "Summum Corp (PetroTiger) Business Profile". British International Investment Group. Retrieved 2023-01-15.
  11. ^ "PetroTiger Profile". Crunchbase. Retrieved 2022-12-14.
  12. ^ "News Release: Former Chief Executive Officer of Oil Services Company Pleads Guilty to Foreign Bribery Charge". United States Department of Justice. 2015-06-15. Retrieved 2022-06-16.
  13. ^ "Ex-PetroTiger co-CEO avoids prison in bribery case". Reuters. 2015-06-17. Retrieved 2022-06-3. {{cite news}}: Check date values in: |access-date= (help)
  14. ^ "Ex-CEO Sigelman of PetroTiger Sentenced to Probation Over Bribery". The Wall Street Journal. 2015-06-16. Retrieved 2023-01-15.
  15. ^ "Does This Man Look Like a Felon to You?". Bloomberg. 2015-01-15. Retrieved 2022-12-12.
  16. ^ "Committee on Justice Report" (PDF). Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  17. ^ "Who We Are". AG&P Global. Retrieved 2023-01-15.
  18. ^ "Atlantic Gulf & Pacific Co Of Manila Inc Profile". Bloomberg. Retrieved 2023-01-15.
  19. ^ "Revolutionising gas: Joseph Sigelman". CEO Magazine. 2022-06-17. Retrieved 2022-06-27.
  20. ^ "Fellows". World Economic Forum Organisation. Retrieved 2023-01-10.
  21. ^ "House Member Profile: Hon. Vergara, Rosanna "Ria" V." Republic of the Phillipines, House of Representatives. Retrieved 2023-01-10.
  22. ^ "Committee on Justice Report" (PDF). Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  23. ^ "House Committees - Justice". Republic of the Philippines, House of Representatives. Retrieved 2023-01-10.
  24. ^ "House Bill No. 7723". 18th Congress of the Republic of the Philippines. 7723 (515). 21 September 2020. Retrieved 20 December 2022.
  25. ^ "2 businessmen to become Filipinos by legislative action". Manilla Bulletin. 2020-09-11. Retrieved 2022-06-02.

Career

Sigelman started his career in investment banking with Lazard Frères & Co. and later worked in private equity with Goldman Sachs before starting his first business called OfficeTiger.[1] OfficeTiger was founded in 1999 along with Randy Altschuler, who was his classmate at Princeton University.[2]

Sigelman runs the AG&P Group, a construction company based in the Philippines which was acquired in 2010 and reoriented to be an LNG import, and distribution company[3][4]

References

  1. ^ S.A.S, Editorial La República. "Exjefe de PetroTiger, Joseph Sigelman, acusado de soborno". Diario La República (in Spanish). Retrieved June 2, 2022.
  2. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference :2 was invoked but never defined (see the help page).
  4. ^ Merrill, Paul (17 June 2022). "Revolutionising gas: Joseph Sigelman". CEO. Retrieved 27 June 2022.


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