Wilbur Ross, Jr., CEO & Chairman ,WL Ross & Co. LLC; CIO, WLR Recovery Fund
Wilbur Ross Jr., well-known on Wall Street as a buy-out expert and dubbed “the King of Bankruptcy” by Fortune magazine, discusses risks and opportunities created by corporate restructuring in Japan and Korea. Last year, the Japanese Government agreed to sell WL Ross Kofuku Bank, a failing Osaka-based financial institution. Mr. Ross’ firm is also rehabilitating Nikko Electric Industries, a bankrupt auto parts company. In Korea, WL Ross, along with American International Group has committed $1 billion to acquire control of Hyundai Investment Trust Company, Hyundai Investment Management Company and Hyundai Securities, the largest financial services group in Korea. Mr. Ross discusses his views on the outlook for restructuring the Japanese economy, especially Japanese financial institutions, and the role foreign investors play in assisting in the process. He also contrasts the differences between what is happening in Japan with the experience in Korea.
Tickets for lunch and lecture: $55, Japan Society members $45.
- January 30, 2001
- 12:00 pm