Stephen Gore, group director of business development at Jardine Matheson Holdings, acquired 27,200 shares on the open market at more than US$1.25 million ($1.76 million) on Oct 28. Gore, a member of the board, paid between US$45.79 and US$46.37 for each unit.
Gore joined the company’s board on April 1, 2019, as the group finance director before taking on his current appointment on Aug 1. He joined the Jardine group in 2017 as the CFO. He was previously at Bank of America Merrill Lynch from 2012 to 2017 as well as UBS.
Another director, David Hsu, also raised his stake in the company. On Oct 18, Hsu, a non-executive director, acquired 20,000 shares on the open market at US$49.31 each. Hsu, previously CEO of JP Morgan Asset Management in Asia Pacific, joined Jardine back in 2011. His last role was chairman of Jardine Matheson (China).