Senior Management Change at Quam Asset Management

Jan 10, 2012 10:50 JST

Source: Quam Limited

HONG KONG, Jan 10, 2012 - (ACN Newswire) - The Board of Directors of Quam Limited ("Quam" , Stock Code: 00952.hk) announce that the Chief Executive of Quam Asset Management, Mr. Richard Harris has stepped down from the company by mutual consent. Mr. Kenneth Lam, the Chief Executive Officer of Quam Group will take up the role of Managing Director for the asset management business.

Mr Bernard Pouliot, Chairman of Quam Limited, the parent company of Quam Asset Management said, "I would like to thank Richard for his contributions to Quam. He has upgraded both people and processes within Quam Asset Management. The establishment of the first Mongolian Fund by Quam shows what Richard and the Quam platform were able to do during his tenure".

Richard Harris said, "I am sad to leave Quam where I have many friends but I am fortunate to be able to embark on new professional challenges with my own company. I am delighted that I was able to position Quam to address professional client needs, to provide them with a large client database and to leave them with a strong and established platform".

About Richard Harris
Richard Harris has lived in Hong Kong for 42 years and is a seasoned investment manager with 33 years of work experience in Asia, Europe and the US. He was a senior executive with Citibank, Jardine Fleming (now JP Morgan) and Mellon Newton (now BNY Mellon), and has substantial Board experience, including inside China. He joins Port Shelter Ltd as CEO; and has consulted to investing institutions, Fund Boards, expert witness panels, family offices and the HK Securities and Futures Commission. He holds a First Class Honours degree and a Masters' degree in Engineering from London University, a MBA from Harvard Business School; and certificates from Peking University and Stanford Business School. He was raised in Asia and Southern Africa, and has lived in Beijing, Europe and the US. He is a regular Guest Host on CNBC, a contributor to industry conferences, and writes a column for the China Daily.

Contact:

Quam IR 
Ms Anita Wan  Tel: (852) 2217-2811 	E-mail: anita.wan@quamgroup.com 
Ms Sharon Au  Tel: (852) 2217-2812   	E-mail: sharon.au@quamgroup.com  
Ms Venus Lam  Tel: (852) 2217-2813	E-mail: venus.lam@quamgroup.com

Source: Quam Limited
Sectors: Daily Finance, Daily News