Appointment of a New Director

RNS Number : 6226Z

Henderson Far East Income Limited

03 September 2018

 

3 September 2018

Company Name	HENDERSON FAR EAST INCOME LIMITED
Legal Entity Identifier	2138008DIQREOD38O596
Appointment of a New Director	The Board of Henderson Far East Income Limited ('the Company') announces that Mr Timothy Clissold has been appointed as a non-executive director with effect from today. Mr John Russell, Chairman of the Company, said "the Directors and I are delighted that Tim has agreed to join us, bringing to the Board his extensive experience in China's commercial world". Tim Clissold graduated in Physics and Theoretical Physics from Cambridge University in 1982. He subsequently joined Arthur Andersen in London and qualified as a Chartered Accountant before moving to Australia and then Hong Kong. He first went to China in 1987 and, on returning to London, he spent a year studying Mandarin Chinese at the London University School of Oriental and African Studies, gaining a distinction. He continued with Mandarin studies at the University of International Business and Economics in Beijing before co-founding one of the first private equity groups in China in 1994. That group raised $400 million of institutional capital, mainly from the US, and invested it in twenty PRC joint ventures, forming what is still the largest independent automotive components manufacturer in China. He later ran Goldman Sachs China distressed investment business in Beijing, bidding on and recovering value from complex NPL portfolios in Hunan, Liaoning and Shandong. More recently, he co-founded another business to originate UN carbon offsets from GHG emission reduction projects in China with start-up capital from the Bill & Melinda Gates Foundation Trust. The main counterparty in that business was Huaneng Power, China's largest power utility. Mr Clissold is Chief Resolution Officer at China Resolutions, a company set up to help those shareholders who have been disenfranchised as a result of Chinese companies delisting from AIM and other markets.  He is also a member of the Strategic Advisory Board of Braemar Energy Ventures, a New York venture capital fund focused on energy efficiency technologies. He is the author of Mr China and recently published his second book, Chinese Rules. The Board is very pleased to welcome Mr Clissold and looks forward to the significant contribution he will undoubtedly make. In accordance with paragraphs 9.6.13 (1) to (6) of the Listing Rules, it is confirmed that there are no additional details to be disclosed in relation to Mr Clissold.
For further information, please call:	Company Secretary BNP Paribas Securities Services S.C.A., Jersey Branch Siobhan Lavery/Skye Inman Telephone [phone]/813820 James de Sausmarez Head of Investment Trusts Janus Henderson Investors Tel: [phone]

 

END

 

 

BOAEASNDEEXPEFF