4th Mar 2011 07:05
4 March 2011
Japan Residential Investment Company Limited ("the Company")
Directorate Changes
Japan Residential Investment Company Limited (AIM: JRIC), a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan, announces the following changes to the board of directors ("Board") which are effective immediately.
Paul Hammerstad, Non-executive Director, has retired from the Board in order to focus on his other business interests in Japan, including a joint venture which owns the Company's Tokyo based investment adviser and Hong Kong based manager. Mr Hammerstad remains a director of those two entities and has agreed to continue to make himself available to the Company on a consultancy basis.
Richard Crowder joins the Board as a Non-executive Director. Mr Crowder holds a range of non-executive directorships and consultancy appointments. He works with a wide range of investment styles and portfolios as well as being a director of a variety of family companies where he acts as the offshore adviser/director. In his early career, he worked as an investment manager with Ivory & Sime in Edinburgh and as a head of investment research with W.I. Carr in the Far East, he undertook a wide range of responsibilities for Schroders in London and the Far East, culminating in the role of managing director for Schroders' Singapore associate. Having then worked as chairman of Smith New Court Far East and director of Smith New Court Plc, Mr Crowder was the founding managing director of Schroders' Channel Islands subsidiary from 1991 until he became a full time non-executive director and adviser in 2000. He is a member of the Securities & Investment Institute and he resides in Guernsey.
Raymond Apsey, Chairman of JRIC, stated, "The Board is most grateful to Paul Hammerstad for his valuable contribution to the development of the Company since its launch. We thank him for his past services as a director of the Company and look forward to continuing to benefit from his advice and assistance in the future.
We also welcome the appointment of Richard Crowder who brings with him a wealth of public markets and regional experience."
The current and past directorships or partnerships of Richard John Crowder (aged 60) are set out below:
Current Directorships / Partnerships | Past Directorships / Partnerships |
Absolute Alpha Fund PCC Limited | Affinity Partners Limited |
Alster Limited 1 | Asia Direct Limited 2 |
Aviva Investors Alternative Funds PCC (formerly Morley Alternative Investment Strategy Fund PCC Limited) | Consulta Capital Fund PCC Limited 2 |
B Eighty A (Bermuda) Limited 1 | Consulta Capital Holdings Limited 2 |
B Eighty B (Bermuda) Limited 1 | Consulta Emerging Markets Debt Fund 2 |
B Eighty C Limited 1 | Consulta Hedge Funds Limited 2 |
B Eighty D Limited 1 | Consulta High Yield Fund PCC Limited 2 |
B Eighty E Limited 1 | Consulta High Yield Holdings Limited 2 |
B Eighty F Limited 1 | Consulta Technology Fund |
B Sixty Four B Limited 1 | Da Vinci Capital Management Limited |
Better Capital Limited | Electricity Producers Insurance Company (Bermuda) Limited 2 |
Bluecrest (formally Close Allblue Fund Limited) | FCM Asia-Pacific Fund Limited 2 |
Bracken Partners Investments Channel Islands Limited | FCM Asia-Pacific Master Fund Limited 2 |
Breadth Holdings (Bermuda) Limited 1 | FCM European Frontier Fund Limited 2 |
Burnt Oak Holdings (Bermuda) Limited 1 | FCM European Frontier Master Fund Limited 2 |
C Eighty Three C (Bermuda) Limited 1 | FCM European Opportunities Fund Limited 2 |
C Eighty Three D (Bermuda) Limited 1 | FCM European Opportunities Master Fund Limited 2 |
C Seventy Two C Limited 1 | FCM Global Opportunities Fund Limited 2 |
Chateauneuf (Bermuda) Limited 1 | FCM Global Opportunities Master Fund Limited |
Consulta Alternative Strategy Fund PCC Limited | FCM Japan Kachi Fund Limited 2 |
Consulta Alternative Strategy Holdings Limited | FCM Japan Kachi Master Fund Limited 2 |
Consulta Canadian Energy Fund | FRM Manufactured Alpha Fund SPC |
Consulta CI Limited | FRM Manufactured Alpha Master Fund SPC |
Consulta Collateral Fund PCC Limited | HedgeFirst Limited 2 |
Consulta Collateral Holdings Limited | Multi Risk Limited, Malta 2 |
Depth (Bermuda) Limited 1 | Parkmead Special Situations Energy Fund 2 |
Englehall Limited 1 | Royal London Property Investment Company Limited 2 |
FCM Funds Public Limited Company | Royal London Property Portfolio Limited 2 |
Felix (Bermuda) Limited 1 | Rutherford Indemnity Limited |
Fervida (Bermuda) Limited 1 | Schroder Administrative Services (Bermuda) Limited |
FF&P Alternative Strategy PCC Limited | Schroder Property Managers (Jersey) Limited |
FF&P Enhanced Opportunities Fund PCC Limited | Schroders C.I. Limited |
FF&P Enhanced Opportunities Subsidiary Limited | Vodafone Insurance Company Limited 2 |
FF&P Global Property Fund PCC Limited | Vodafone Malta 2 |
FF&P Russia Real Estate Development Limited | |
FF&P Russia Real Estate Limited |
|
FF&P Venture Funds PCC Limited |
|
Flavida (Bermuda) Limited 1 |
|
Four Leaf Clover (Jersey) Limited 1 |
|
Friar (Bermuda) Limited 1 |
|
FRM Access Fund PCC Limited |
|
Global Credit Opportunities Master Investment Company Limited |
|
Gold Hawk (Bermuda) Limited 1 |
|
Greenford (Bermuda) Limited 1 |
|
H Fifty Eight A (Bermuda) Limited 1 |
|
H Fifty Eight B (Bermuda) Limited 1 |
|
H Fifty Eight C (Bermuda) Limited 1 |
|
H Fifty Eight D (Bermuda) Limited 1 |
|
Hexagon Investments (Bermuda) Limited 1 |
|
Hillingdon (Bermuda) Limited 1 |
|
Horos Limited 1 |
|
Jupiter Insurance Limited |
|
Loch Lossit Limited 1 |
|
London & Stamford Property Limited |
|
London & Stamford Property Plc |
|
M Fifty Eight (Bermuda) Limited 1 |
|
Mysia Investments Limited |
|
Olivant Limited |
|
One-Forty-Five Limited 1 |
|
Pantheon Asia Fund II Limited |
|
Pantheon Asia Fund III Limited |
|
Pantheon Asia Fund IV Limited |
|
Pantheon Asia Fund Limited |
|
Pantheon Europe Fund IV Limited |
|
Pantheon International Participations Plc |
|
PASIA V GP Limited |
|
PEURO V GP Limited |
|
PEURO VI GP Limited |
|
PLMS Limited 1 |
|
Prelude Limited 1 |
|
Procida (Bermuda) Limited 1 |
|
Pur (Bermuda) Limited 1 |
|
Rothschild Bank (CI) Limited |
|
Rothschild Bank International Limited |
|
Royal London Asset Management C.I. Limited |
|
Royal London Custody Services C.I. Limited |
|
Rufford & Ralston PCC Limited |
|
Somana (Bermuda) Limited 1 |
|
Stee (Bermuda) Limited 1 |
|
Stowe Holdings (Bermuda) Limited 1 |
|
Syros Investments Limited (formerly Samos Investments Limited) |
|
Tio (Bermuda) Limited 1 |
|
Veritas Limited 1 |
|
Vest (Bermuda) Limited 1 |
|
Vincitas Limited 1 |
|
Width Holdings (Bermuda) Limited 1 |
|
Notes:
1 These companies form part of a single private family group of trust and investment holding companies.
2 These companies were subject to a members voluntary liquidation in the ordinary course of the life of the company.
There are further no disclosures to be made pursuant to Schedule 2 paragraph (g) in respect of Mr Crowder.
Enquiries
K.K. Halifax Asset Management | Alec Menikoff | +81 (0)3 5563 8771 |
Smith & Williamson Corporate Finance Limited | Azhic Basirov | +44 (0)20 7131 4000 |
Fairfax I.S. PLC | John Korwin-Szymanowski | +44 (0)20 7460 4376 |
Related Shares:
JRIC.L