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JLT – a Strong Foundation for Growth Growing Presence in China

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JLT – a Strong Foundation for Growth Growing Presence in China 2011 vol.1 Thistle The Magazine of Jardine Matheson Group Managing Director Discusses Further Opportunities in Beijing > page 3 Midnight Gun Heralds New Year > page 5 Gammon Named Leading Graduate Employer > page 21 JLT – A Strong Foundation for Growth Growing Presence in China As we enter the Chinese New Year of the Rabbit, our attention has been drawn particularly to the Group’s existing businesses in mainland China and the potential for further growth there. On recent visits to Beijing, Chongqing and Guangzhou, I and my senior management colleagues, have been impressed by what we have seen and with the long-term plans for future development in these areas. I am confident that the Group’s long-established relationships with mainland China place it in a good position to make the most of new opportunities as they arise. Jardine Lloyd Thompson (JLT), which can trace its origins back to Canton in 1836, is a good example of a Group business focused on expansion in China through organic growth and acquisitions. As our feature on pages 14-19 reflects, JLT is also centred on developing its specialist businesses of risk and employee benefits across its global network. Anthony Nightingale At the Centre 2 Group Managing Director Discusses Further Opportunities in Beijing Asia Pacific Regional Board Meeting Held in Indonesia MINDSET and Jardine Ambassadors Programmes 3 Launched in Singapore … Leadership 8 Hongkong Land Celebrates Completion of One Central Macau Marina Bay Link Mall is in Business Mandarin Oriental to Open in Shanghai 8 JOS Acquisition to Boost Regional Growth … Feature 14 JLT – A Strong Foundation for Growth CONTENTS Performance 20 Gammon Named Leading Graduate Employer Major Accolades for 7-Eleven in Singapore and Hong Kong Hactl Makes it Four in a Row 20 Wellcome Taiwan Says ‘Yes, We Can’ … Spirit 26 Birthday Theme for the 5th CENTRAL Rat Race Ice-Breaking Camp Launches 2010/12 Health in Mind Programme JEC Thailand Helps Flood Victims 27 Jardines in ‘Super 8’ at Sedan Chair Race … People 32 Astra Celebrates Indonesia’s Independence Day St Andrew’s Day Celebrated in Group Offices Jardine Sports Association Events Attract Record Turnouts Enterprise at Work … Hong Kong Air Cargo Terminals Ltd Group Managing Director Discusses Further Opportunities in Beijing AT THE CENTRE Group Managing Director Discusses Further Opportunities in Beijing Jardine Matheson Group Managing world’s top labels. Mr Nightingale Chief Accountant of CCTV to discuss At the Centre Director Anthony Nightingale responded by saying that should it progress on the restoration of the participated in the First Wangfujing be given the opportunity, Hongkong CCTV Cultural Centre. The building, International Brands Festival, which Land would move with great speed to which was badly damaged by fire was held in Dongcheng District in build a centre in which the world’s top in 2009, is due to be the location of Beijing, and committed the Group’s retail companies would participate, a Mandarin Oriental hotel. He also support for the District’s ambitious transforming Wangfujing in the process met MOFCOM Vice Minister Gao plans. The Festival, which attracted city into a world-class shopping street. Hucheng who thanked Jardines for its planners as well as the heads of famous commitment to and investment in the fashion labels from all over the world, Mr Nightingale was also received by Mainland, saying it had contributed demonstrated the city’s intention to Dongcheng District Party Secretary greatly to the deepening of relations turn China’s most prestigious shopping Yang Liuyin and its Mayor Niu Qingshan between Hong Kong and China. street into a world-class commercial who briefed him on the recent merger centre ranking with New York’s 5th between Dongcheng and Chongwen While in Beijing, Mr Nightingale was Avenue, London’s Regent Street and the districts. In addition Mr Pang and briefed by senior managers of Group Champs Elysée in Paris. colleagues from Hongkong Land, who businesses and visited a Mannings were representing Central District health and beauty store and Hongkong Accompanied by Hongkong Land Chief in Hong Kong, delivered a paper Land’s residential development, Maple Executive Y K Pang, Mr Nightingale at the conference attached to the Place at Beijing Riviera. was received by the Deputy Mayor International Brands Festival. of Beijing, Mdm Cheng Hong, who Photo opposite, third left: The Mayor of Beijing, Guo expressed the hope that Jardines, On separate issues, Mr Nightingale Jinlong with, from left, Jardine Matheson Group China Representative Adam Williams, Managing Director through Hongkong Land, might build met Thomas Tso, Representative of Anthony Nightingale, Hongkong Land Chief Executive an international brands centre in the Hong Kong SAR Government in Y K Pang, Director Raymond Chow, and Head of Commercial Property, China Stanley Ko during the Wangfujing that would attract the China and called on Liu Guoliang, First Wangfujing International Brands Festival. Lord Powell Accompanies British PM to China Matheson & Co Director Lord Powell Left: Lord Powell with China’s of Bayswater was part of the high- Premier and level business delegation, which Foreign Minister. accompanied UK Prime Minister David Cameron on his first official visit to China in November 2010. Lord Powell attended the Prime Minister’s meetings with Chinese Premier Wen Jiabao and with Executive Vice-Premier Li Keqiang. Constructive Visit to Guangdong Jardine Matheson Group Managing to Guangzhou and Shenzhen in provincial government’s support for Director Anthony Nightingale, Guangdong Province. the Group. The delegation also toured accompanied by Hongkong several of Jardines’ business interests Land Chief Executive Y K Pang The delegation met Vice Provincial including 7-Eleven, Mannings, Dairy and Group Chief Representative Governor Zhu Xiaodan who praised Farm’s procurement centre, Zung South China Zhou Zhaosen, Jardines’ successful development Fu and Gammon, and met with has made a constructive visit in the province and committed the senior managers. Group Managing Director Joins International Economic Advisory Council in Chongqing Jardine Matheson Group Managing Right: Mayor of Chongqing Huang Qifan awards Director Anthony Nightingale has, for Jardine Matheson Group the first time, taken his place on the Managing Director Anthony Nightingale with his Mayor of Chongqing’s International certification as one of Economic Advisory Council where Chongqing’s International Economic Advisers. he joined Chairmen and CEOs from major companies in the USA, Europe and Japan. During the Council’s session, the International Councillors proposed ways in which Chongqing could Mr Nightingale met with a range of projects Bamboo Grove in Jiangbei develop as a financial centre. officials during the event including and Danzishi in Nan An districts; Mr Nightingale’s presentation, the Party Secretary of Chongqing, Bo a Mercedes-Benz dealership to be ‘Attracting Foreign Capital and Xilai, and the Mayor of Chongqing, opened shortly by Zung Fu in Yuzhong Funds, Developing and Expanding Huang Qifan with whom he discussed District; and a growing number of Local Financial Institutions’, was Jardines’ projects in the city. These Mannings health and beauty stores well received. include Hongkong Land residential throughout the city. Asia Pacific Regional Board Meeting Held in Indonesia For the first time in 28 years, the speakers covered matters relating government officials, long-term local Jardine Matheson Group’s annual to world economies and the region, business partners and colleagues Asia Pacific Regional Board (APRB) in particular Indonesia, while in- based in Indonesia. meeting was held in Indonesia. The house presentations covered the one-day event brought together board opportunities and challenges faced by “The 2010 APRB meeting generated members, country chairmen and heads Group operations. some useful dialogue and identified of Group companies at the recently opportunities for the Group to renovated Mandarin Oriental, Jakarta. At the end of the day, Group Chairman increase its presence in this important Sir Henry Keswick hosted a cocktail economy,” said Managing Director The APRB programme consisted of reception, which was attended by Anthony Nightingale. a series of presentations. External more than 300 guests including Front row, centre left: Jardine Matheson Group Chairman Sir Henry Keswick and, right, Managing Director Anthony Nightingale with attendees at the annual Asia Pacific Regional Board meeting, which was held in Indonesia. MCL Land to become Midnight Gun Heralds New Year Hongkong Land Wholly- The New Year in Hong Kong was ushered in with the traditional Jardines’ At the Centre owned Subsidiary Midnight Gun Salute, which was fired by Mrs Doris Koo, wife of Jardine Strategic Holdings and Dairy Farm non-executive director George Koo. Dr Koo is also a long-standing member of the Political Consultative Committee of Zhejiang Province in China and Chairman of the Soh Bing (Shuping) Scholarship Foundation, which was founded by his late father J L Koo in 1939, and currently gives awards to 34 secondary schools and 21 tertiary institutions in mainland China. Waterfall Gardens, a 132-unit freehold condominium development at Farrer Road in Singapore, was completed by MCL Land in 2010. Beijing Auto Delegation Meets with Group Chairman in London MCL Land is to become a wholly- A delegation from Beijing Automotive Simon Keswick and Lord Leach of owned subsidiary of Hongkong Industry Holding Company (BAIC) Fairford, both sides expressed a Land. The privatization of the listed led by Chairman Xu met with Jardine desire to continue to work closely subsidiary, by way of a voluntary Matheson Group Chairman Sir Henry together to ensure the continued delisting from the Singapore Exchange Keswick at Lombard Street during a growth of the Mercedes-Benz brand in accompanied by a cash offer, has been visit to the United Kingdom. BAIC is China. Last year through its 17 outlets, accepted by the vast majority of the the joint venture partner of Daimler Zung Fu sold 15,500 new Mercedes- minority shareholders. in China and the manufacturer of all Benz cars in China compared locally assembled Mercedes-Benz.
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