29 Jan 2010 08:59
Crosby Asset Management Inc.
("CAM" or the "Company")
Directorate Change
The Board of Directors of CAM (the "Board") announces that Mr. Simon Jeremy Fry has tendered his resignation as Chief Executive Officer and Director of the Company, with effect from 31 January 2010, as he intends to devote more time to pursue his personal interests.
The Board wishes to announce that Johnny Chan, who has served CAM as a senior manager since its inception, including, inter alia, assuming direct management responsibility for Crosby Wealth Management and Crosby's Asian asset management businesses, will join the Board and assume the position of CEO, with effect from 31 January 2010.
Please see below for details of Mr. Chan's other directorships, in line with Section 2 paragraph (g) of the AIM rules.
The Board welcomes Mr. Chan and would also like to take this opportunity to wish Simon every success in his future endeavours.
**Ends**
Enquiries:
Crosby Asset Management Inc.
Ilyas Khan +44 (0) 20 3291 2863
Strand Hanson Limited
Stuart Faulkner / James Spinney +44 (0) 20 7409 3494
Under Section 2 paragraph (g) of the AIM rules the following information is disclosed
Johnny Kok Chung Chan aged 50 is currently a director of the following companies:-
Coniston International Capital Limited
Crosby Active Opportunities Investment Management Limited
Crosby Active Opportunities Master Fund Limited
Crosby Active Opportunities Feeder Fund Limited
Crosby Asset Management (Asia) Limited
Crosby Asset Management International Limited
Crosby Asset Management (Holdings) Limited
Crosby Asset Management (Hong Kong) Limited
Crosby Asset Management (Pakistan) Limited
Crosby Asset Management South Asia Limited
Crosby Asset Management (UK) Limited
Crosby Capital Limited
Crosby Capital (Holdings) Limited
Crosby Capital (Hong Kong) Limited
Crosby Capital Partners Limited
Crosby ChinaChips Holdings (1) BVI Limited
Crosby ChinaChips Holdings (2) BVI Limited
Crosby ChinaChips Investment Fund Limited
Crosby Corporate Finance (Holdings) Limited
Crosby Corporate Finance (Hong Kong) Limited
Crosby (Hong Kong) Limited
Crosby Investment Holdings Limited
Crosby Special Situations Fund Limited
Crosby Wealth Management (Asia) Limited
Crosby Wealth Management (Hong Kong) Limited
Dash Brands, Limited
Fairfied Investment Holdings Limited
Harare Holdings Limited
IB Daiwa Corporation
JAIC-CROSBY Greater China Investment Fund Limited
JAIC-CROSBY Investment Management Co. Ltd.
Japan Boutique Properties Limited
JIM International Holdings Limited
Lodore Delaware Petroleum LLC
Lodore US Holdings Inc.
Lodore USA Inc.
Lodore Oil & Gas Texas LLC
Lodore Louisiana LLC
NCT Capital (HK) Limited
NCT Capital Limited
Online Education China Limited
PIPS Education Institute Holdings Limited
Softech Investment Management Co Limited
Superhold Limited
Techpacific.com (BVI) Investments Limited
techpacific.com Digital Limited
techpacific.com investments Limited
Yuda Capital Limited
In the last five years Mr Chan had previously acted as a director or a partner of the following companies but has since resigned from office:-
Crosby Active Opportunities Fund Limited
Crosby Asian Buyout Fund
Crosby Asia Holdings Limited
Crosby Asset Management (Europe) Limited
Crosby Asset Management (Singapore) Limited
Crosby Asset Management Inc.
Crosby Capital Management International Limited
Crosby Capital Partners Buy Out Fund Limited
Crosby Capital Partners (Mauritius) Limited
Crosby Capital Partners (Singapore) Pte Limited
Crosby Capital Partners Finance Limited
Crosby Investment Holdings Limited
CV Primary Company Limited
Darcy Energy Holding Inc
Darcy Energy Holding LLC
Darcy Energy LLC
Imagic Infomedia Technology Limited
KASB Crosby (Holdings) Limited
Knightsbridge Fund Services Limited
SBI Crosby (Holdings) Limited
SBI Crosby Limited
SBI Crosby (Shanghai) Limited
SBI E2-Capital Partners Limited
SW1 Capital LP
Mr Chan holds 40,000 shares in the capital of the company.
The Company has confirmed there is no additional information under Section 2 paragraph (g) of the AIM rules that needs to be declared.