Sovereign Global Investment, a private investment institution managing proprietary capital, was founded by two New Zealanders, Richard and Christopher Chandler, in 1986. Sovereign invested in the international capital markets for over 20 years during which time the firm provided capital to companies and governments from Asia and Africa to Latin America and Eastern Europe. Sovereign's investments spanned many industries ranging from banking and energy to telecoms, power and steel.
At the end of 2006, the Founders decided to concentrate their ideas, energy and capital on new challenges. Richard Chandler founded the Clermont Group (formerly Orient Global) (www.clermont.com
) while Christopher Chandler established Legatum Capital (www.Legatum.com
Press Release, 6 October 2006: Sovereign Global Announces Demerger