Leonard Chaikind, is the Chairman of the Board of the BW Better World Foundation & the CEO of Institutional Investors Consulting Company or IICC, which is located in Houston, Texas. Mr. Chaikind has served in this capacity since he founded IICC in 1991.
IICC is many things – a holding company, an investment bank and an investment advisory group. Its core mission when it was founded was “to help and assist institutional tax-exempt funds and High Net Worth Families, e.g. Pension Plans, Foundations. Endowment Funds and Family Offices, to manage themselves as efficient and cost-effective organizations,” particularly regarding specific investments and investment strategies. IICC also provides “free” advisory / consulting services to the Institutional Investors constituency. A primary focus in this area is to help these groups improve their investment performance by better understanding and performing particularly in the area of private (non-traditional) investments. In order to accomplish this objective, IICC has held 9 Conferences and over 50 Workshops in the past 17 years, all with the objective of educating tax-exempt funds and family offices in the areas of investments, controls and administration.
IICC’s current overall mission is “to make the world a better place to live.” In doing this, IICC supports a number of not-for-profit groups, some of which are listed in its web site which is (www.iicchome.com). As can be seen from browsing the site, IICC also has involvements in many countries in Africa, Asia, the Middle East and Latin America (including the Caribbean). In summary, we like to think of IICC as a kind of “do good” and highly entrepreneurial investment / merchant bank.
IICC’s primary vision for 2015 is to establish and build both the BW Better World Foundation and the IICC – Better World Fund.
Previous Employment – Prior to founding IICC, Mr. Chaikind worked for Royal Dutch Shell and the Shell Oil Company for 34 years (1957 to 1991) in a wide variety of assignments. After serving as the Finance Manager for both Shell Chemical and Shell Oil Products, he moved to the Royal Dutch Shell headquarters in London in 1971.
During his time in London, he also coordinated some large corporate projects for Royal Dutch Shell in Saudi Arabia, headed up a group that evaluated Shell’s operations in Turkey and much more. Then he was appointed to the position of Regional Treasurer for Royal Dutch Shell’s operations in the Far East and Australasia (still working out of Shell’s office in London}. In this capacity, Mr. Chaikind was responsible for negotiating and financing well over $40 billion dollars in both corporate and major project activities though out this region. During his stay in London, he also coordinated some large corporate projects for Royal Dutch Shell in Saudi Arabia, headed up a group that evaluated Shell’s operations in Turkey and much more.
His final assignment for Shell was as the Administrator of the $12 plus billion dollars Shell Savings and Retirement Programs with responsibility for both the investment and administration of 4 major funds. About 50% of these funds were managed internally under the guidance of Mr. Chaikind and his staff with the rest being outsourced to various investment managers and consulting groups. During this period, the Shell Funds were recognized by the industry to be one of the very best. During his years in this assignment, Mr. Chaikind was also very active in the tax-exempt industry. He was one of the key founders of the Committee on Investment of Employee Benefit Assets (CIEBA), the largest Corporate Pension Fund Group in the World, and served as Vice
Chairman of this group from its beginning until his retirement from Shell. He also served as an active member of both the NYSE Institutional Investors Advisory Committee and the Commodity Futures Trading Commission Advisory Board (the CFTC is to the futures and derivatives industry what the SEC is to securities industry). Since his retirement from Shell, Mr. Chaikind has stayed very active in the whole area of tax-exempt funds (including health care, pension and Social Security reform) and still maintains a strong presence in Washington, DC.
As noted above, IICC began its operations in 1991 with Shell as its first client. Since then, it has been involved in many projects and funds / fund of funds. In addition to a number of projects in various countries, IICC is currently planning over the next two years to start 4 Private Equity Funds – each being for $500 million dollars – in the areas of real estate, entertainment / media and energy. In June of 2014 it announced its first $500 million fund which it is calling the IICC Better World Fund. While the purpose of this fund is quite obvious, IICC still expects the overall return to investors (mostly institutional) to be better than 25% IRR.
Other Activities – In addition to being the CEO of IICC, Mr. Chaikind also sits on the Boards of a number of both “For Profit” and “Not For Profit” groups, including the BW Better World Foundation. Also, given Mr. Chaikind’s extensive global background in the Oil and Gas Industry, IICC also gets involved in this area in many ways – both traditional and non-traditional / alternative energy.
Military Service – From 1953 to 1956 Mr. Chaikind served in the U.S. Navy (LTSG) as a line officer in the Pacific Amphibious Fleet (Phibpac) on various assignments both in the Far East and the West Coast of North America.
Education – MBA, Harvard Business School in 1958, BA Harvard University in Economics in 1953 and endless courses at places like NYU, CCNY, Columbia, The New School for Social Research and the US Navy. Prior to all this, Mr. Chaikind was a graduate in 1949 of the Loomis Institute, which is located in Windsor, CT.
Family – Fantastic – married for 56 years – two great children both doctors, 2 wonderful spouses and most importantly 4 wonderful grandchildren
Web site – www.iicchome.com
Cell Phone – 713-824-6051