Savills Regulatory News (SVS)

18 December 2020

SAVILLS PLC

SAVILLS ANNOUNCES NON-EXECUTIVE DIRECTOR CHANGES

Savills plc, the international real estate advisor, is pleased to announce the appointments of Philip Lee and Richard Orders as additional Independent Non-Executive Directors with effect from 1 January 2021.

Savills also announces that Rupert Robson, who has served on the Board since 2015, will retire at the conclusion of the Company's 2021 AGM, currently scheduled for May 2021, and that Tim Freshwater, who has served on the Board since 2012, will retire from the Board on 31 December 2021. Tim, having served 9 years on the Board will also step down as Senior Independent Non-Executive Director effective 31 December 2020, when he will be replaced in this capacity by Stacey Cartwright.

Philip Lee is currently Vice Chairman of Global Banking, South East Asia, HSBC Bank and is a member of the Global Banking Vice Chairman and Banking Leadership Forums. He is also an independent board director of Heliconia Capital Management, an investment firm owned by Temasek focused on growth-oriented Singapore companies, and is Chairman of the Singapore Government's Health Promotion Board. Philip was previously with Deutsche Bank (2013-18), based in Singapore, as Vice Chairman of South East Asia and Chief Country Officer for the Bank. Prior to 2013, Philip was with JP Morgan (1995-2013), where he was CEO South East Asia Investment Banking and Chief Country Officer, Singapore, having worked in senior positions for various other banks in the region before then. Since 2006, he has also held roles on various advisory bodies established by the Singapore government.

Richard Orders is currently a managing director at Moelis & Company a leading global independent investment bank, heading the Firm's Hong Kong office having founded its predecessor firm, Asia Pacific Advisors, in 2009. Prior to this, Richard was with ABN AMRO (1996-2008), latterly from 2004-8 as Vice Chairman and Head of Global Clients Asia, having previously been Executive Chairman and CEO of ABR AMRO Asia Corporate Finance. Previously, Richard held various roles in Barings Bank, which he joined in 1976, latterly as Head of Barings Investment Banking business in Asia, ex Australia and Japan (1994-96) and Director of Barings Corporate Finance London (1996).

There is no further information which would require disclosure under 9.6.13R of the Listing Rules of the UK Listing Authority in respect of either Philip Lee or Richard Orders.

Commenting on the changes, Nicholas Ferguson, Chairman of Savills plc said : "We are delighted that Philip and Richard are joining the Board so that Savills can benefit from their extensive experience. I also want to thank Rupert Robson and Tim Freshwater very warmly for their enormous contribution to the Board over so many years". 

For further information please contact:

Mark Ridley 020 7409 8934

Simon Shaw 020 7409 8934

David Allchurch /

Elizabeth Snow - Tulchan 020 7353 4200