StockMarketWire.com - Jardine Matheson Holdings Limited has announced senior management changes that will take place in 2016.

Adam Keswick will move to London as chairman of Matheson & Co on 31 July, and succeeding him as deputy managing director will be Y.K. Pang. James Riley will step down as group finance director on 31 March and be succeeded by John Witt.

Keswick will move to the UK at the end of July to be appointed chairman of Matheson & Co., as well as taking on additional responsibilities in the group's business interests in the UK in due course. He will continue to interface with Hong Kong and be actively involved with the group's businesses. While the requirements of his new role mean that he will no longer be deputy MD, he will maintain his existing directorships in the Group's principal listed companies.

Succeeding him as deputy MD on 1 August will be Pang, who will move from his current role as chief executive of Hongkong Land. He has been a director of Jardine Matheson since 2011. He first joined the group in 1984, and held a number of senior positions before taking up his current role in Hongkong Land in 2007.

Riley is to move from his current position as Jardine Matheson's group FD on 31 March to take up the role of group chief executive at Mandarin Oriental International Limited. He will be replaced by John Witt, who is currently chief financial officer of Hongkong Land.

Witt is a chartered accountant and first joined the Group in 1993. He held senior finance appointments in Jardine Motors and Mandarin Oriental before taking up his current role in Hongkong Land in 2010. He will also join the board of Dairy Farm International Holdings Limited, and it is proposed that he become a commissioner and executive committee member of PT Astra International Tbk.

Jardine Matheson MD Ben Keswick said: "Adam's return to London provides additional depth and expertise in Matheson & Co., while he will continue to be involved fully in the Group's development. James has been an excellent Finance Director since taking responsibility for the role in 2005, and I wish him every success in Mandarin Oriental."

"Y.K. has participated actively in many of the Group's businesses for many years, and has been closely involved with the Group's development in mainland China over the past decade. I am sure that he will make a significant contribution in his new role within Jardine Matheson. I would also like to welcome John Witt to the Board of Jardine Matheson. He too has much experience in the Group and I look forward to working with him."


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