Matthews International Capital Management has named William J. Guilfoyle as the new Co-chief executive officer, a title he will share with Mark W. Headley, who has been CEO since 2001. Before joining Matthews, Guilfoyle was an industry consultant focusing on business
development and strategic planning.
Matthews International Capital
Management, LLC, advisor to the Matthews Asian Funds, has announced
that William J. Guilfoyle has joined the investment firm as Co-Chief
Executive Officer. He will share the Co-CEO title with Mark W.
Headley, who has served as the company's CEO since 2001.
Recognizing the need for focused leadership of the company's
investment management efforts as distinct from the management of the
rest of the business, the company created the Co-CEO roles. Guilfoyle
will oversee all areas of the firm, with the exception of investment
management, and lead the further expansion and enhancement of the
company's fund distribution and client service capabilities. Headley
will focus on directing the firm's investment management organization,
as well as his role as lead portfolio manager of the Matthews Pacific
Tiger Fund (MAPTX) and Matthews Korea Fund (MAKOX). The addition of
Guilfoyle to the Matthews executive team is a proactive step to ensure
the continued delivery of outstanding value and service to investors.
"To continue to enhance and develop our position as a leader in Asian
asset management, it is essential that our corporate strategy and
capability receive the same intense focus as our investment team's
Asia's rapidly evolving market," said Mark Headley. "Bill's
experience and expertise in business strategy and corporate management
will allow Matthews to move forward while I devote myself to our
investment team and my primary role as a portfolio manager."
Prior to joining Matthews, Guilfoyle was consulting on business
development and strategic planning for CEOs, corporate directors and
entrepreneurs. From 1999 to 2002, he was Chairman and CEO of MiFund,
Inc. and from 1987 through 1998, Guilfoyle held a number of senior
executive positions at GT Global Inc., GT Global Canada, LGT Asset
Management and Liechtenstein Global Trust. He served as president of
GT Global and chairman of the board of trustees of the GT Global
Mutual Funds from 1995 to 1998 and was responsible for the mutual fund
company's $175 million annual revenues and $11 billion in assets under
management in the U.S. and Canada.
Since its inception in 1991, Matthews International Capital
Management, LLC has focused exclusively on investing in the Asia
Pacific region and as of June 30, 2007 managed more than $10.5 billion
in assets. Matthews is the investment advisor to the nine no-load
Matthews Asian Funds. For more information please visit
Investing in foreign securities may involve certain additional risks,
including exchange-rate fluctuations, less liquidity, greater
volatility and less regulation. Single-country and sector funds may be
subject to a higher degree of market risk than diversified funds
because of concentration in a specific sector or geographic region.
You should consider the investment objectives, risks, charges and
expenses of the Matthews Asian Funds carefully before making an
investment decision. A prospectus with this information and other
information about the Funds may be obtained by calling 1-800-789-ASIA
or by visiting www.matthewsfunds.com. Please read the prospectus
carefully before investing as it explains the risks associated with
investing in international markets.
Matthews Asian Funds are distributed by PFPC Distributors, Inc.
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