Robert P. Smith (philanthropist)
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Robert P. Smith | |
|---|---|
| Born | February 18, 1940 Boston, Massachusetts, U.S. |
| Died | January 7, 2019 (aged 78) Boston, Massachusetts, U.S. |
| Occupations | Investment manager, financial pioneer |
| Known for | Investing in developing world sovereign debt |
| Spouse | Salwa Smith |
| Children | 2 |
Robert Peter (Bob) Smith (February 18, 1940 – January 7, 2019)[1] was an American financial pioneer, philanthropist and author.
Robert P. Smith (also known as Bob Smith) was born on February 18, 1940, in Boston. Smith grew up in Brookline, Massachusetts as one of two children in his family, with his father practicing law.[1]
Education
Smith attended Bowdoin College and received his undergraduate degree, going on to receive his law degree from Boston University.[1]
Career
In 1978,[2] Smith became the founder and managing director of Turan Corporation. His company went on to become one of the largest privately held sovereign debt trading firms in the world. Peter Marber, the author of From Third World to World Class: The Future of Emerging Markets in the Global Economy (Marber 1998), credits Smith as one of four individuals who contributed "significantly to the birth of the debt market, and possibly even the entire emerging markets investment community, well ahead of Wall Street's more prominent houses."[3]
Smith was the author of Riches Among the Ruins: Adventures in the Dark Corners of the Global Economy, which details his more than 30 years' experience in emerging markets. Riches Among the Ruins chronicles Smith's time spent buying and selling high-risk securities in some of the most downtrodden economies in Latin America, Africa, Russia, Asia, and the Middle East.
With his wealth, Smith served as a benefactor to the David Saul Smith Union at Bowdoin College and the Robert P. Smith Art Center and Theater at the Roxbury Latin School. He also served as a trustee for organizations including Plimoth Plantation and the Fessenden School.
He joined the United States Agency for International Development during the Vietnam War, working for the US Government in Saigon as well as the Dominican Republic.[1]
