Bill Richardson served as the American ambassador to the United Nations and as energy secretary under the administration of president Bill Clinton. Paul Richards / AFP
Bill Richardson served as the American ambassador to the United Nations and as energy secretary under the administration of president Bill Clinton. Paul Richards / AFP
Bill Richardson served as the American ambassador to the United Nations and as energy secretary under the administration of president Bill Clinton. Paul Richards / AFP
Bill Richardson served as the American ambassador to the United Nations and as energy secretary under the administration of president Bill Clinton. Paul Richards / AFP

A lifetime of political negotiations for America's Bill Richardson


  • English
  • Arabic

Bill Richardson - the former US energy secretary, UN ambassador, state governor and one-time presidential candidate - is distracted. A phalanx of kanduras and suits are parading through the Abu Dhabi exhibition hall where we sit. It is just before the opening ceremony of the World Future Energy Summit, a conference that brings presidents and ministers to the emirate.
"Who's that there, coming? It looks like a head of state. Who's opening the forum, who's the first speaker?"
"Hollande," I say.
"Is it Hollande?
"Let me just see who it is," he says, turning to photographer with The National. "Is that Hollande?"
"It's Hollande," says the photographer.
Slowly, Mr Richardson repeats the name: "François Hollande."
Mr Richardson, 65, once vied for the Democratic nomination to the presidency in 2008 elections. Now he is a consultant and on this day he is fulfilling part of his obligations as the chairman of APCO Worldwide's global political strategies group.
The rest of his time Mr Richardson spends lecturing at Rice University in Houston, Texas or back in his home base of Santa Fe, New Mexico.
There, he runs a foundation specialising in freeing political prisoners and promoting dialogue with marginalised governments such as Cuba and Myanmar - a skill learnt during his former life as a Clinton envoy in negotiations with some of the biggest bad guys in history, from Saddam Hussein to Slobodan Milosevic.
His speciality is in dealing with the unpopular. Last month, he went on a highly publicised trip to North Korea with Eric Schmidt, the executive chairman of Google, to drum up support for widened access to the internet in what he billed as a humanitarian mission. The US state department described the trip as counterproductive by giving North Korea the chance to generate good PR about a visit from prominent Americans just a month after launching a missile.
"North Korea is a very closed society and gives limited access to internet to its citizens, but we managed to persuade a large number of their government and their scientists and their software engineers to open up," says Mr Richardson. "Whether they will, we don't know."
Face to face with Mr Richardson, it is easy to see why he is often the top pick for meetings with isolated and belligerent leaders. Tall, 1.879 metres, with a potbelly, he is impressive in size yet as unthreatening as a panda bear.
His weakness is undeniably human. Negotiating, as he says, is all about finding what brings you together - even when that man is Saddam Hussein.
"I think you have to respect other positions," he says. "You've got to give the other side a chance to save face. I think most importantly you have to know where you want to end up, and you have to find ways to reach common ground with people you disagree with."
Mr Richardson's zigzag path through Baghdad, Washington and Boston began in Mexico City, where his Mexican mother raised money to record books for the blind and his American father was an influential banker. (Dwight Eisenhower, the US president at the time, sometimes called him to chat about the view from Mexico.)
On a regular night at the Richardsons, guests could include the head of the central bank or the chairman of Pemex, the national oil company. The family chose to live in a relatively poor neighbourhood, unlike their friends who ensconced themselves in Beverly Hills-style enclaves, and his parents quietly lent their time and money to helping others, including launching Little League baseball teams for those less privileged.
In his co-written autobiography, Between Worlds: The Making of an American Life, published in 2007, the year he launched his bid for the presidency, Mr Richardson says he made friends just as easily with the boys from around his neighbourhood as the pampered children with whom he went to private school. His parents' rule of being humble in wealth also rubbed off. When he got a new baseball mitt, he writes, he carefully worked it in before bringing it to school rather than make anyone feel bad for having an old mitt.
Despite his precocious diplomacy, he didn't think about entering politics until at Tufts University near Boston, when he ran for president of his fraternity, Delta Tau Delta.
"I guess I was a late bloomer. I wasn't a terribly good student," he says. "I changed the fraternity, or tried, from beer-drinking fun to more social issues. We shifted from just having fun to helping with charities and kids' groups. And that got me interested in politics."
He moved back to New Mexico after earning a master's degree in international relations. and was named executive director of the state Democratic Party. In his late twenties he ran for office for the first time - and lost. But fortune smiled on his second run.
"In politics you got to be lucky and have good timing," he says. "The second race there was redistricting into a district that was good for me, from my hometown of Santa Fe, and the second round I won, so I was in Congress for 15 years. Then I went to the United Nations, Clinton named me UN ambassador, and then energy secretary."
He moved on to take up work in the private sector and then ran for governor of New Mexico, becoming so popular that in his re-election he won a historic 69 per cent of the vote.
But the luck didn't last forever. In 2007 he launched his bid for the presidency but dropped out early on.
"I ran a respectable race, but it was the Obama year," he says. "It was a wonderful experience, but it was a whole year of your life and you learn about yourself, you learn a lot about the country."
Mr Obama nominated Mr Richardson to serve as his commerce secretary. As governor, Mr Richardson had gained a reputation as a politician friendly to business, and in particular to energy. New Mexico is one of the centres of uranium enrichment in the US and is home to 45 million acres of hydrocarbon-laced land, according to the US bureau of land management.
But the nomination was derailed by allegations that companies had made contributions to Mr Richardson's political action committee to win government contracts.
The justice department never indicted Mr Richardson, but by then the man who had once been a contender for the presidency had become a punchline on late-night comedy shows.
Two years later, a federal grand jury began investigating whether Mr Richardson's political supporters had given US$250,000 (Dh918,275) to a woman to stop her from exposing an affair she said she had had with the governor.
Although no longer in office, Mr Richardson remains active in politics, whether pushing for a reform of immigration law or opining on Iranian sanctions.
In the interview, the academic in him comes out - he has lectured at Harvard and still teaches occasionally at Rice - but he has to stop himself. The opening ceremony is about to start.
 
ayee@thenational.ae

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ETwin-turbo%2C%20V8%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%20and%20manual%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503%20bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E513Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh646%2C800%20(%24176%2C095)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
While you're here
Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

England v South Africa schedule
  • First Test: Starts Thursday, Lord's, 2pm (UAE)
  • Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
  • Third Test: The Oval, London, July 27-31, 2pm
  • Fourth Test: Old Trafford, Manchester, August 4-8
Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

if you go

The flights

Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes. 

The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

When to visit

March-May and September-November

Visas

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

UAE currency: the story behind the money in your pockets