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Worldsec Ld (WSL)

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Monday 22 July, 2013

Worldsec Ld

Directorate Change

RNS Number : 8662J
Worldsec Ld
22 July 2013

22 July 2013

Worldsec Limited

Changes in Board Composition

Worldsec Limited (the Company) is pleased to announce the appointment to the Board of Mr Ernest Chiu Shun She as Executive Director and Mr Martyn Stuart Wells as Non-Executive Director with effect from 19 July 2013.


Mr She has also been appointed to the Investment Committee and Mr Wells has been appointed to the Audit Committee and the Remuneration Committee.


Ernest Chiu Shun She (Executive Director)


Mr She is an investment banker with extensive experience in the field of corporate finance having covered a broad and diverse range of financial advisory and fund raising activities in the Asian regional stock markets and has held executive management positions and directorships at Worldsec Corporate Finance Limited and UOB Asia (Hong Kong) Limited. Mr She is currently a director of and a senior consultant at WAG Worldsec Corporate Finance Limited.


Mr She was one of the cofounding team members at the Worldsec group of companies when they were established in the early 1990s. Between 1991 and until the disposal by the Group of certain securities businesses to UOB Kay Hian Holdings Limited in 2002, Mr She spent a total of eleven years holding senior management positions at Worldsec Corporate Finance Limited and Worldsec International Limited with the main responsibility of developing and overseeing the Group's corporate finance activities.


Prior to his tenure at the Worldsec Group of companies, Mr She was an investment analyst and an associate director at James Capel (Far East) Limited where he was primarily responsible for equity research in the real estate sector.


Mr She graduated from the University of Toronto with a Bachelor of Applied Science degree in Industrial Engineering and obtained from Imperial College, University of London a Master of Science degree in Management Science specialising in Operational Research. Mr She is a Chartered Financial Analyst.


From 2004 to 2010, Mr She served as an Independent Non-Executive Director and the Chairman of the Audit Committee of New Island Printing Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited.


Mr She is beneficially interested in 183,365 Ordinary Shares of the Company representing 1.37 per cent. of the Company's issued ordinary share capital.


Martyn Stuart Wells (Non Executive Director)


Mr Wells was formerly an Executive Director of Citicorp International Limited and has over 30 years' experience in the securities industry. In 1969 he joined Vickers da Costa, international stockbrokers. He was involved in the fund management industry for 20 years and participated in the launch of several country funds investing in the Asian region, serving as a director or as a member of the investment advisory councils of several of those funds. He lived in Hong Kong for almost 28 years and since 2000 has resided in England.


There are no other details requiring disclosure in respect of these appointments under paragraph 9.6.13 (1) to (6) of the Listing Rules of the FCA.



For further information contact:

Mr Henry Ying Chew Cheong

Deputy Chairman

Hong Kong Tel: +852 2868 9217


This information is provided by RNS
The company news service from the London Stock Exchange

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