Economics Changes

Let’s meet Krittibas Ray!

Assets are the most essential aspects in business, and can be considered as the lifeblood of a particular business. These are the core of a business that makes daily operations possible. In various types of industry, assets are often very hard to manage. This is why asset management specialists should be the one to do this job. These people have the theoretical knowledge when it comes to managing assets. It’s their job, to ensure that profits are the results regarding money and financial investments.

Once you have decided to hire a service from asset management specialists, you have to ensure that they have a good education background. You also have to find out if they have a wide range of clients or not. By doing that, you will know that they have indeed gained the proper experience when it comes to meeting the different needs and requirements of a variety of clients. As professionals, they could provide you with the proper advice regarding the installation and commission of assets, as well as in making purchases. Al the time, they seek to ensure that every step would be to the advantage of the company.

Now, you can see the importance of asset management specialists for your business. They will do almost everything in managing your assets. And this is what Krittibas Ray’s firm doing, manage your assets.

Who is Krittibas Ray?

Krittibas Ray is the President and CEO of Ray Pacific Asset Management, Inc. Before starting his hedge funds and independent investment advisory business, Krittibas Ray has an academic focus on Japanese investments in East and Southeast Asia. Some of his activities and societies are postgraduate work at Harvard University and University of California, Berkeley. He is also a former assistant Professor of law and political economy at University of the Ryukyus, Japan, and has been visiting scholar at Kyoto University, Japan.

Financial professional like Krittibas Ray, many times demonstrates a commitment to study, education and ongoing continuing education. This is proved by his M.A. (1992) and Ph.D. (1995) from Rice University. He was doing this because he knows that a financial professional must have the skills and knowledge about world events that affect investment markets as well as economic consequences. They need the education, knowledge and experience in investments for business, finance and economics as a prerequisite for practitioners in this industry.

Krittibas Ray has proven that education is very important in supporting his career as a successful professional. Do you want to follow his success? Then you must follow the process!

One day at Columbia University, a lecturer ask his students, “How many of you want to be an entrepreneur?” A lot of hands go up. The lecturer continue, “OK, you explain to me, what does that mean?” the student reply, “Well, I’d like to go to work at IBM.” And the lecturer say, “You just failed, that doesn’t count. How about you?” “Well, I’d like to work at Proctor and Gamble,” and the lecturer say, “You failed; a real entrepreneur is somebody who has no safety net underneath them”. This saying then became very famous and the lecturer who said those words is Henry Kravis.

Who is Henry Kravis?

Henry Kravis is a pioneer of the private equity industry; he is also the co-founder of Kohlberg Kravis Roberts & Co. He was born in Tulsa, Oklahoma, attended Claremont College in California where he majored in economics. He also received an MBA from Columbia University in 1969.

He joined the Bear Stearns with his cousin, George R. Roberts. Both of them worked under Jerome Kohlberg, Jr. In 1976, Kohlberg resigned from Bear Stearns and convinced Kravis and Roberts to found their own investment banking firm named Kohlberg Kravis Roberts & Co. (KKR).

Since its inception, KKR has spent more than $73 billion, acquiring more than 45 companies. In the same year as the Nabisco buyout, KKR successfully shielded Texaco from a hostile takeover, purchased the Stop and Shop grocery chain and bought the Duracell battery company from Kraft Foods. Henry Kravis now sits on the board of directors of Duracell, Safeway, Borden, Owens-Illinois, AutoZone, Union Texas Petroleum, and American Re-Insurance Company.

With an estimated current net worth of around $4.2 billion, Henry Kravis is ranked by Forbes as the 201st richest person in the world (2010). He donated The Kravis dorm to the Loomis Chaffee School to house freshman boys.