Latest news with #JardineMathesonHoldings
Business Times
5 days ago
- Business
- Business Times
Jardine Matheson Holdings names Lincoln Pan as CEO-designate ahead of group managing director John Witt's retirement
[SINGAPORE] Hong Kong-based conglomerate Jardine Matheson Holdings on Thursday (May 29) announced the appointment of Lincoln Pan as chief executive-designate, as group managing director John Witt will retire from the company in late-November. Pan is a partner, co-head of private equity and member of the group executive committee at alternative investment business PAG. He assumes the role of CEO at Jardine Matheson Holdings from Dec 1. He previously served as CEO of Greater China at Willis Towers Watson and in executive roles at Advantage Partners and GE Capital. He also worked at McKinsey & Company. Ben Keswick, executive chairman of the group, said: 'Lincoln's wealth of investment experience in the Asia-Pacific region and track record of working with company boards and management teams makes him extremely well-placed to lead Jardine and to implement our strategy to build bigger, better businesses over the long term.' Witt, 61, has been with the Jardine Matheson Group for more than three decades and has served as group managing director at Jardine Matheson Holdings since 2020. In this role, his key achievements include implementing leadership succession in the group's key portfolio companies and overseeing the simplification of its corporate structure, Keswick said. On Nov 30, Witt will step down from his roles at Jardine Matheson Holdings, DFI Retail, Jardine Cycle & Carriage (JC&C) and Astra; he will also give up his roles as a director and board chairman at JC&C, the investment holding company of the Jardine Matheson Group in South-east Asia. But he will continue as chairman of property group Hongkong Land , which is 53 per cent owned by the Jardine Matheson Group. The counter ended Thursday 2.2 per cent or US$1.00 higher at US$45.60, before the announcement.
Nikkei Asia
5 days ago
- Business
- Nikkei Asia
Jardine Matheson names first Chinese national as CEO
TOKYO -- Jardine Matheson Holdings, a British conglomerate with roots in Asia, has appointed its next CEO: Lincoln Pan, currently a partner and co-head of private equity at Hong Kong investment firm PAG. A public relations representative confirmed to Nikkei Asia that Pan will be the first Chinese national to take the CEO post at Jardines, which has almost two centuries of history and began as an opium trader.
Business Times
5 days ago
- Business
- Business Times
Jardine Matheson Holdings names Lincoln Pan as CEO-designate as group managing director John Witt retires
[SINGAPORE] Hong Kong-based conglomerate Jardine Matheson Holdings on Thursday (May 29) announced the appointment of Lincoln Pan as chief executive-designate, as group managing director John Witt will retire from the company end-November. Pan is a partner, co-head of private equity and member of the group executive committee at alternative investment business PAG. He will join to helm Jardine Matheson Holdings as CEO from Dec 1. He previously served as CEO of Greater China at Willis Towers Watson and in executive roles at Advantage Partners and GE Capital as well as worked at McKinsey & Company. Ben Keswick, executive chairman of the group, said: 'Lincoln's wealth of investment experience in the Asia-Pacific region and track record of working with company boards and management teams makes him extremely well-placed to lead Jardine and to implement our strategy to build bigger, better businesses over the long term.' Witt, 62, has been with the Jardine Matheson Group for more than three decades and has served as group managing director at Jardine Matheson Holdings since 2020. In this role, his key achievements include implementing leadership succession in the group's key portfolio companies and overseeing the simplification of its corporate structure, Keswick said. With effect from Nov 30, Witt will step down from his roles at Jardine Matheson Holdings, DFI Retail, Jardine Cycle & Carriage and Astra – including his roles as a director and board chairman at JC&C, the investment holding company of the Jardine Matheson Group in South-east Asia. He will continue to serve as chairman of property group Hongkong Land , which is 53 per cent owned by the Jardine Matheson Group. The counter ended Thursday 2.2 per cent or US$1.00 higher at US$45.60, before the announcement.
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Business Standard
5 days ago
- Business
- Business Standard
PAG elevates India head Nikhil Srivastava to co-head of private equity
PAG, one of Asia-Pacific's largest alternative investment firms, has appointed Nikhil Srivastava as Co-Head of its Private Equity business—a move that elevates the current India head to a broader regional leadership role as the firm undergoes a leadership transition. Srivastava, who joined the Hong Kong-based firm in 2019 and currently leads the India private equity franchise, will work alongside David Wong in overseeing PAG's private equity operations. He also joins the firm's Management Committee with immediate effect, according to a company press statement. The leadership reshuffle comes as long-time partner and Co-Head of Private Equity, Lincoln Pan, prepares to exit the firm to become Chief Executive Officer of Jardine Matheson Holdings. Pan will remain with PAG until November, the firm said. Srivastava has played a key role in scaling PAG's India operations, spearheading marquee deals including the acquisition and public listing of Nuvama Wealth Management, and the investment in packaging company Manjushree Technopack. 'Nikhil assumes this leadership position with an outstanding track record in deal-making, team leadership, and strategic execution, as well as a deep understanding of the region and ability to manage and grow our portfolio companies,' said Weijian Shan, Executive Chairman and Co-Founder, PAG. Prior to PAG, Srivastava spent nearly a decade at KKR across India, Singapore, and the US, and earlier held roles at Goldman Sachs and Inphi Corporation. He holds engineering degrees from Stanford and BITS Pilani, and an MBA from Harvard University. PAG manages over $55 billion in assets and employs more than 370 investment professionals across 15 offices globally.
Yahoo
19-05-2025
- Business
- Yahoo
Executive Chairman of Jardine Matheson Holdings Benjamin Keswick Buys 14% More Shares
Jardine Matheson Holdings Limited (SGX:J36) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Benjamin Keswick, recently bought a whopping US$73m worth of stock, at a price of US$42.52. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 14%. We've discovered 1 warning sign about Jardine Matheson Holdings. View them for free. Notably, that recent purchase by Benjamin Keswick is the biggest insider purchase of Jardine Matheson Holdings shares that we've seen in the last year. That implies that an insider found the current price of US$46.74 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices. Notably Benjamin Keswick was also the biggest seller. Happily, we note that in the last year insiders paid US$80m for 1.89m shares. But they sold 370.48k shares for US$14m. In total, Jardine Matheson Holdings insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for Jardine Matheson Holdings There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Jardine Matheson Holdings insiders own about US$929m worth of shares (which is 6.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Jardine Matheson Holdings. That's what I like to see! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 1 warning sign for Jardine Matheson Holdings you should be aware of. Of course Jardine Matheson Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
