Nick Powell has been appointed to the Board of Whittington Group Pte Limited, the Singapore–based holding company for the international insurance investment and service business, with immediate effect.
He replaces Geoffrey Spender on the Whittington board. Mr Spender has stepped down as Managing Director of GEMS, the Hong Kong private equity fund manager which has a significant shareholding in Whittington.
Nick Powell is a founding director of GEMS along with Simon Murray. He joined GEMS in 1998 and previously accumulated more than 10 years of experience in Asian investment banking.
After beginning his career with Jardine Matheson, he spent three years with the corporate finance division of Nomura International, involved primarily in their underwriting and IPO business. He subsequently moved to Robert Fleming as an Asian specialist in institutional sales and corporate broking.
Whittington’s Group Chief Executive, Tony Hobrow, said: “Geoff Spender will be missed by Whittington and I would like to thank him for the robust contributions, support and advice he gave us during his time as a director.
“In Geoff’s place I would like to welcome Nick Powell. He serves on the GEMS investment Committee and so was involved in the initial GEMS’ decision to invest in Whittington. We look forward to working with Nick as we further develop the Whittington business in Asia and beyond.”
