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TMCNet:  RHJ International Announces Revised Board Structure

[May 05, 2014]

RHJ International Announces Revised Board Structure

(Thomson Reuters ONE Via Acquire Media NewsEdge) Brussels, 5 May 2014 - RHJ International ("RHJI" or the "Company") today announces that Konstantin Graf von Schweinitz will replace D. Ronald Daniel as Chairman, effective from the Company's AGM on 18 June 2014. Graf von Schweinitz was appointed as a director of RHJI in June 2011, is an independent non- executive director of Kleinwort Benson Bank Limited, as well as Chairman of its Audit Committee and member of its Strategic Risk Committee.


RHJI also announces today that Timothy C. Collins tendered his resignation to the board on 3 April 2014, effective from 3 May 2014. In addition, D. Ronald Daniel and Jun Makihara will step down from the board at the June AGM.

As a consequence, the board will be reduced in size from eight to five board members, which will generate further efficiency savings as RHJI captures synergies from the integration of BHF-Bank.   This is compliant with the Belgian Corporate Governance Charter and is in line with our revised articles of association, which were approved at the Company's EGM in June 2013.

Konstantin Graf von Schweinitz Graf von Schweinitz, appointed as a director of RHJI in June 2011, is an independent non-executive director of Kleinwort Benson Bank Limited, as well as Chairman of its Audit Committee and member of its Strategic Risk Committee.

He has over 25 years of investment banking experience, principally in capital markets and risk management. Until March 2007, he spent 19 years at Kleinwort Benson/Dresdner Bank. He worked in various roles including derivatives trading, hedge fund management and as COO of Dresdner Kleinwort Wasserstein UK, before becoming Chief Risk Officer of Dresdner Kleinwort Wasserstein and Head of Risk Management Investment Banking. He was also the Deputy Chairman of Dresdner Group's Credit Committee, a member of Dresdner Group's Capital Committee and a member of Dresdner Kleinwort Wasserstein's Executive Committee. Prior to 1988, he headed the European Swap Group at the Chase Manhattan Bank.

Since 2007, he has been acting as an advisor on numerous risk and investment- related assignments for hedge funds, banks and private equity companies. He is a partner of DII Capital, a financial advisory firm based in London. He is also a trustee of the Institute for Cancer Research and chairs the investment committee. He holds a BA and MA from Oxford University.

About RHJ International RHJ International is a financial services group with principal activities in wealth management, asset management and merchant banking. Our wealth management operations are conducted through Kleinwort Benson and BHF: two independent and relationship-driven private banks, with a combined tier 1 capital ratio of 16.3% and €51 billion of assets under management as at 31 December 2013. RHJI's asset management operations are carried out by Kleinwort Benson Investors and Frankfurt Trust. Kleinwort Benson Investors is a Dublin-based institutional asset manager that offers investors innovative and differentiated specialist strategies on both a segregated and unitised basis, while Frankfurt Trust specializes in European equities, multi assets and fixed income. As at 31 December 2013, Kleinwort Benson Investors and Frankfurt Trust managed €5.4 billion and €16 billion of client assets, respectively. RHJI is listed on Euronext Brussels, with the ticker symbol "RHJI".

For further information, please contact: Jean-Marc Roelandt Managing Director RHJ International Tel: +32 2 643 6013 E-mail:  jroelandt@rhji.com Notes to Editors RHJI Board of Directors Konstantin Graf von Schweinitz, Director Graf von Schweinitz, appointed as a director of RHJI in June 2011, is an independent non-executive director of Kleinwort Benson Bank Limited, as well as Chairman of its Audit Committee and member of its Strategic Risk Committee.

Leonhard Fischer, Chief Executive Officer Mr Fischer was appointed Chief Executive Officer of RHJI in January 2009. He was co-Chief Executive Officer of RHJI since May 2007 and is a member of the Board of Directors since September 2007. Mr Fischer has been a member of the Board of Directors of Glencore International plc since April 2011, and was a member of the Board of Directors of Julius Baer Group Ltd from April 2009 to April 2014.

Mathias Döpfner, Director Dr Döpfner was appointed as a director of RHJI in September 2008. He is currently Chairman and Chief Executive Officer of Axel Springer AG in Berlin, which he joined in 1998 as Editor-in-Chief of Die Welt. He has been a Member of the Management Board of Axel Springer since 2000.

Peter Foy, Director Mr Foy, appointed as a director of RHJI in June 2011, is presently Chairman of Creative Tank Ltd, a digital marketing company, and a member of the Board of Directors of Eportation Inc, a security software company.

Lucio A. Noto, Director Mr Noto, appointed as a director of RHJI in June 2011, is a managing partner of Midstream Partners LLC, a private investment company specializing in energy and transportation projects, and a member of the Board of Directors of Philip Morris International and Penske Automotive Group.

Full Press Release (PDF): http://hugin.info/135946/R/1782401/610077.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: RHJ International SA via GlobeNewswire [HUG#1782401]

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