Former JPMorgan Securities expert on Asian banking and finance named CEO of first U.S. financial services company jointly owned by a Chinese company
Chicago (ANTARA News/PRNewswire-AsiaNet) - HuaMei Capital Company, Inc. (HuaMei) today announced the appointment of Scott J. Nelson, former head of the Asian Clients Group for JPMorgan Securities, as the company's first chief executive officer.
The appointment was made at a HuaMei Board of Directors meeting in Shenzhen, home of China Merchants Securities Co. Ltd. of P.R. China, the Chinese partner in HuaMei. U.S. principals in the firm include former U.S. Senator Adlai E. Stevenson III and Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange.
HuaMei, formed last October, counsels U.S., Chinese and third country organizations on cross border mergers and acquisitions and private equity investment opportunities.
HuaMei also offers risk management and investment services for the growing number of Chinese firms with authority to invest offshore.
"I am honored and delighted to accept the appointment as CEO of HuaMei Capital Company. I am confident that this new venture will fulfill its vast potential as a cross-border financial intermediary," Nelson said. "I am equally confident that my 27 plus years of experience in commercial and investment banking including my extensive work in the Far East will be an asset to clients on both sides of the Pacific."
Stevenson, Melamed and Shaolin Gong, HuaMei co-chairman and chairman of China Merchants Securities Holdings (HK) Company Limited, issued a joint statement welcoming Nelson to the company.
"We're extremely pleased to have Scott as our first CEO, given his extensive background in banking and finance in China and throughout Asia, and his outstanding strategic marketing skills. We expect that Scott will help us 'close the sale' on a number of transactions in the very near future."
Added Jianping Liu HuaMei's Chief Operating Officer, "I welcome Scott Nelson to our management. Since our launch last October, our company has moved forward in both merger and acquisitions as well as asset management strategies. Announcements in this respect will be forthcoming."
Nelson, 51, spent 27 years with JPMorgan and its predecessor companies. He has a master's degree in Finance and Accounting from Northwestern University's Kellogg Graduate School of Management. He received his bachelor's degree in Business Administration and Finance from the University of Wisconsin -- Madison.
HuaMei ("China America"), based in Chicago and Beijing, is the first U.S. financial services company jointly owned by a Chinese company. It is 50 percent owned by China Merchants Securities Holdings (HK) Company Limited, a subsidiary of China Merchants Securities Co. Ltd. of P.R. China (collectively China Merchants). China Merchants is headquartered in Shenzhen with 71 branch offices and 1,700 employees. It is a member of the esteemed Merchants Group organized in the 1870s.
In addition to Stevenson and Melamed, the company's U.S. principals include MVC Capital Inc., (NYSE: MVC) ("MVC") as strategic investor. MVC is headed by Michael Tokarz, a senior investment professional and former general partner with Kohlberg Kravis Roberts & Co.
HuaMei's business in China is supported by a wholly owned subsidiary headquartered in Beijing with offices in Shanghai and Shenzhen. In addition to the U.S. headquarters in Chicago, the company has an office in Purchase, New York.
The company may be contacted at 312-957-4260. For more information, please visit http://www.huameicapital.com.
SOURCE HuaMei Capital Company, Inc.
CONTACT: Howard Dubnow of
HuaMei Capital Company, Inc.,
+1-312-957-4270;
or Lena Parsons of Jasculca|Terman and Associates,
+1-312-573-5515, for HuaMei Capital Company, Inc.
Web site: http://www.huameicapital.com
Chicago (ANTARA News/PRNewswire-AsiaNet) - HuaMei Capital Company, Inc. (HuaMei) today announced the appointment of Scott J. Nelson, former head of the Asian Clients Group for JPMorgan Securities, as the company's first chief executive officer.
The appointment was made at a HuaMei Board of Directors meeting in Shenzhen, home of China Merchants Securities Co. Ltd. of P.R. China, the Chinese partner in HuaMei. U.S. principals in the firm include former U.S. Senator Adlai E. Stevenson III and Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange.
HuaMei, formed last October, counsels U.S., Chinese and third country organizations on cross border mergers and acquisitions and private equity investment opportunities.
HuaMei also offers risk management and investment services for the growing number of Chinese firms with authority to invest offshore.
"I am honored and delighted to accept the appointment as CEO of HuaMei Capital Company. I am confident that this new venture will fulfill its vast potential as a cross-border financial intermediary," Nelson said. "I am equally confident that my 27 plus years of experience in commercial and investment banking including my extensive work in the Far East will be an asset to clients on both sides of the Pacific."
Stevenson, Melamed and Shaolin Gong, HuaMei co-chairman and chairman of China Merchants Securities Holdings (HK) Company Limited, issued a joint statement welcoming Nelson to the company.
"We're extremely pleased to have Scott as our first CEO, given his extensive background in banking and finance in China and throughout Asia, and his outstanding strategic marketing skills. We expect that Scott will help us 'close the sale' on a number of transactions in the very near future."
Added Jianping Liu HuaMei's Chief Operating Officer, "I welcome Scott Nelson to our management. Since our launch last October, our company has moved forward in both merger and acquisitions as well as asset management strategies. Announcements in this respect will be forthcoming."
Nelson, 51, spent 27 years with JPMorgan and its predecessor companies. He has a master's degree in Finance and Accounting from Northwestern University's Kellogg Graduate School of Management. He received his bachelor's degree in Business Administration and Finance from the University of Wisconsin -- Madison.
HuaMei ("China America"), based in Chicago and Beijing, is the first U.S. financial services company jointly owned by a Chinese company. It is 50 percent owned by China Merchants Securities Holdings (HK) Company Limited, a subsidiary of China Merchants Securities Co. Ltd. of P.R. China (collectively China Merchants). China Merchants is headquartered in Shenzhen with 71 branch offices and 1,700 employees. It is a member of the esteemed Merchants Group organized in the 1870s.
In addition to Stevenson and Melamed, the company's U.S. principals include MVC Capital Inc., (NYSE: MVC) ("MVC") as strategic investor. MVC is headed by Michael Tokarz, a senior investment professional and former general partner with Kohlberg Kravis Roberts & Co.
HuaMei's business in China is supported by a wholly owned subsidiary headquartered in Beijing with offices in Shanghai and Shenzhen. In addition to the U.S. headquarters in Chicago, the company has an office in Purchase, New York.
The company may be contacted at 312-957-4260. For more information, please visit http://www.huameicapital.com.
SOURCE HuaMei Capital Company, Inc.
CONTACT: Howard Dubnow of
HuaMei Capital Company, Inc.,
+1-312-957-4270;
or Lena Parsons of Jasculca|Terman and Associates,
+1-312-573-5515, for HuaMei Capital Company, Inc.
Web site: http://www.huameicapital.com
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