Directorate Change

RNS Number : 7449U

Jardine Matheson Hldgs Ld

03 January 2013

 



Lord Sassoon Joins the Jardine Matheson Group

3rd January 2013 ─ Jardine Matheson Holdings Limited today announced that Lord Sassoon has been appointed to the Board of the Company and of Matheson & Co Limited, based in London in an executive capacity, with effect from 14th January 2013.  He is expected, in due course, to join the boards of a number of the Group's other listed companies.

James Sassoon began his career at KPMG, before joining SG Warburg (later UBS Warburg) in 1985.  He first joined the Treasury in 2002 as a civil servant, where he had responsibility for financial services and enterprise policy.  From 2008 to 2010, acting as an adviser to the then Shadow Chancellor, he conducted The Tripartite Review of the UK's system of financial regulation.  Since May 2010 he has been the first Commercial Secretary to the Treasury in the United Kingdom, and he has acted as the Government's Front Bench Treasury spokesman in the House of Lords.  During his banking and government career, James Sassoon has had a consistent focus on international business, particularly relating to Asia.

Commenting on the appointment, Jardine Matheson Chairman, Sir Henry Keswick said, "We are delighted to welcome Lord Sassoon to the Board of Jardine Matheson.  His expert knowledge and extensive experience in the business, government and financial sectors will be of great value to the Group."

Jardine Matheson is a diversified business group focused principally on Asia.  Its interests include Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra.  These companies are leaders in the fields of engineering and construction, transport services, insurance broking, property investment and development, retailing, restaurants, luxury hotels, motor vehicles and related activities, financial services, heavy equipment, mining and agribusiness.  Jardine Matheson Holdings Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore.  Jardine Matheson Limited operates from Hong Kong and provides management services to Group companies.

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For further information, please contact:

Jardine Matheson Limited

Neil M McNamara                                                                      (852) 2843 8227

GolinHarris

Kennes Young                                                                           (852) 2501 7987

This and other Group announcements can be accessed through the internet at www.jardines.com.

 

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