Last checked at 6 Jun 2008 17:16
Upstream Marketing and Communications Inc.
("Upstream" or "the Company")
Directorate changes
London, 6 June 2008
Upstream (UPS.L) today announces the following changes to the Board of directors of the Company.
The Company is pleased to announce the appointment of Ilyas Khan (aged 45) and Stephen Smith (aged 39) to the Board as Non-Executive Directors, with immediate effect.
Ilyas is the founder and Chairman of Techpacific Capital (now renamed Crosby Capital Limited or "CCL"), an investment holding company based in Hong Kong. CCL has interests principally in asset management and merchant banking in addition to having a portfolio of investments in the natural resources sector. Prior to starting Techpacific, Ilyas held senior positions at a number of International Investments Banks such as Citibank, UBS and Nomura. He also serves as a non-executive director of Crosby Capital Partners Inc, Speymill Group plc and Conister Trust plc. CCL is a 14.8% shareholder of UPS.
Stephen works for the JS Group, a leading financial services group and diversified investor in Pakistan, managing the US$158 million JS Private Equity Fund, targeting Pakistani expansion capital and buyout opportunities, and is responsible for JS activities outside Pakistan. Stephen sits on several JS boards including the holding company, its international mutual funds and private equity business. Prior to JS, Stephen worked at Ernst & Young before joining European Capital and advising on over US$2 billion of corporate and project financings. Stephen then joined Techpacific Capital, a Hong Kong fund management firm, where he became Group CFO before joining JS.
Joanna Barrett has resigned as a Non-Executive Director, with immediate effect, in order to focus her attention on other personal interests. The Board wishes to thank Joanna for her contribution and wishes her success in all her future endeavours.
David Ketchum, Chief Executive Officer of Upstream, said: "I am delighted that Ilyas and Stephen are joining the Board. They both bring considerable commercial experience to UPS and we look forward to their contribution going forward." The following disclosures regarding the appointment of Ilyas Khan and Stephen Smith to the Board are required under Schedule 2 paragraph (g) of the AIM Rules:
| Ilyas Tariq Khan, aged 45 | |
| Current directorships and partnerships | Past directorships and partnerships |
| Atlas & Co | Nirvana Pacific Capital Limited |
| Chinese Music Catalogue Private Equity Fund Limited | S.K.A.I. Limited |
| Coniston International Capital Limited | Southern Energy Ltd |
| Conister Financial Group PLC |
|
| Creative Work Limited |
|
| Crosby Asset Management |
|
| Crosby Capital Limited |
|
| ECK & Partners Ltd |
|
| MCS Asset Management Limited |
|
| Softech Investment Management Co Ltd |
|
| Speymill Group plc |
|
| TW Indus Limited |
|
| White Energy Company Limited |
|
|
|
|
| Stephen Christopher Smith, aged 39 | |
| Current directorships and partnerships | Past directorships and partnerships |
| Credit Chex (Pvt.) Ltd | Ewarna Limited |
| Jahangir Siddiqui & Company Limited |
|
| JS International LLP |
|
| JS Private Equity Fund I LLC |
|
| Optimus (Pvt.) Limited |
|
Other than as detailed above there is no further information to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
Enquiries:
David Ketchum
+852 2973 0222
david@upstreamasia.com
www.aboutupstream.com
James Harris/Angela Peace
Strand Partners Limited
+44 207 409 3494
About Upstream Marketing and Communications Inc.
Founded in 2000, Upstream is a full service marketing and corporate communications network positioned to help companies make the most of business opportunities in the Asia Pacific region. Upstream has offices in Beijing, Hong Kong, Shanghai, Singapore, Sydney, Taipei and Tokyo, as well as regional and global affiliates. Key practice areas include technology, corporate & financial, and consumer & travel.