MEDIA RELEASE PR37248
J.C. Flowers & Co. Strengthens Presence In Europe and Asia Pacific With Two Senior
Appointments
NEW YORK, Nov. 24 /PRNewswire-AsiaNet/ --
J.C. Flowers & Co. (JCF) today announces a significant strengthening of its operations with two
senior appointments to its London office. Dr. David Morgan has been appointed Managing Director,
JCF Europe and Asia Pacific, and Sir Callum McCarthy has been appointed to the newly-created
post of Chairman, JCF Europe.
Dr. Morgan, currently Chairman of J.C. Flowers & Co. LLC in Australia, will be responsible for
JCF's investment portfolio across Europe and Asia Pacific. Ravi Sinha, Managing Director at J.C.
Flowers & Co. LLC in London, will leave JCF.
Dr. Morgan was Chief Executive of Westpac Banking Corporation, one of Australia's largest
financial services companies, between 1999 and 2008. Before joining Westpac, he was senior
Deputy Secretary of the Federal Treasury in Canberra. Following today's appointment, he has stood
down as a director of BHP Billiton.
Sir Callum, formerly Chairman of the UK's Financial Services Authority (FSA), will be JCF's first
European chairman. Prior to the FSA, Sir Callum was chairman and CEO of Ofgem, the economic
regulator for the gas and electricity industries. He has also held senior positions at Barclays Bank
and BZW and was the UK member of The High-Level Group on Financial Supervision in the EU,
established by the EU President to advise on the regulatory response to the present financial crisis,
which reported in February 2009.
In addition to his new role with JCF, Sir Callum is also a non-executive director of
IntercontinentalExchange and has been nominated as an independent director of Industrial and
Commercial Bank of China.
JCF Founder and Executive Chairman, J. Christopher Flowers, said:
"I am delighted to announce these appointments which represent a significant strengthening of
JCF's international resources. David has already made a very valuable contribution to J.C. Flowers
& Co. in Australia and his disciplined and strategic approach will ensure that JCF can identify new
investment opportunities in Europe and Asia Pacific. Working alongside him, Sir Callum McCarthy
has extensive banking and regulatory experience and will bring a wealth of skills and experience to
the role of Chairman. Together, I am sure that they will form a formidable team."
Dr. David Morgan said:
"I look forward to returning to a full time senior executive position and the exciting challenges of
this new role. The events of the last two years are significantly re-shaping financial services
throughout the world. This not only affects JCF's existing investments, but presents significant new
investment opportunities throughout both Europe and Asia Pacific. An early focus will be on the UK,
where the banking sector is undergoing a major restructuring."
Sir Callum McCarthy said:
"JCF is unique in its expertise and concentration on the financial sector. I look forward to helping
apply its ideas, managerial experience and capital to pursue the business opportunities created by
the present far reaching changes in the sector."
For further information please contact:
Hillary Ripley
Director of Investor Relations
J.C. Flowers & Co. LLC
Phone: + 1 (212) 404-6838
Email: hripley@jcfco.com
Note to editors
J.C. Flowers & Co. is a global private equity group that focuses solely on the financial services
sector. JCF was founded in 1998 by J. Christopher Flowers and has invested approximately $11
billion (A$12 billion) of capital in the sector.
SOURCE: J.C. Flowers & Co.
CONTACT: Hillary Ripley
Director of Investor Relations
J.C. Flowers & Co. LLC
+ 1-212-404-6838
hripley@jcfco.com
< BACK TO COMPANY
NEWS 
