Peter Espig started his career in 1991 when he founded Mandalay Japan, a company that earned praise from institutions, such as the Yamanashi Chamber of Commerce and the Japan Consumer Products Review. For his business interests, Peter Espig participated in various activities, such as design, sales, and manufacturing, primarily in Kofu and Yokohama. He ran the firm for nine years.
Staring in 2003, he worked for the Specialty Finance Group of Shinsei Bank Ltd., a company in the portfolios of Ripplewood Holdings, Goldman Sachs, and Christopher Flowers. In this position, Peter Espig facilitated buyouts and debt structuring. In 2007, he became a member of the board of directors of Star Bulk Carriers Corp., for which he had helped structure an acquisition of eight dry bulk vessels.
Peter Espig graduated from The University of British Columbia. While a student from 1985 to 1988, he participated on the National Champion varsity football team. In 2000, he enrolled in the Columbia Business School program. During his time in graduate school, Peter Espig was nominated for the merit-based Columbia Fellowship. In addition, he received a Chazen Society Fellowship to perform research on Japanese banking, and he turned his work into the 2003 paper “The Demise of a Banking Dinosaur: Long-Term Credit Bank.” He finished his Master of Business Administration in May 2003.