Corporate News

Hong Kong Jockey Club names new Deputy Chairman

10 March 2008

 

The Hong Kong Jockey Club announced with regret today (10 March) the resignation of David Eldon as a Steward and Deputy Chairman of the Club. It was also announced that the Board of Stewards had elected T Brian Stevenson as the Club's new Deputy Chairman and co-opted Voting Member Iain Ferguson Bruce (see profile below) to fill the vacancy on the Board. In appreciation of his outstanding service and contributions to the Club, the Board has elected David Eldon as an Honorary Steward.

Mr Eldon joined the Board of Stewards in 1996 and became Deputy Chairman in August 2006. He cited an increasingly busy international travel schedule, in relation to a number of roles he has undertaken since retiring from HSBC, as being the principal reason behind his decision to step down.

Club Chairman John C C Chan said that Mr Eldon had expressed his concerns some time ago about his continuing ability to perform his duties as a Steward. After further review, Mr Eldon had come to the reluctant conclusion that it would be unfair to his fellow Stewards and to the Club in general if he were to continue.

"We are very sad to be losing David Eldon's services as Deputy Chairman and Club Steward, but I am pleased to say that we have been able to make excellent replacements in both roles. Brian Stevenson has been a very active member of the Board since 1999, and both he and Iain Bruce have a wealth of valuable business experience in Hong Kong to share with us, as well as being dedicated horsemen," Mr Chan said.

Profile of Mr Iain Ferguson Bruce

Mr Bruce is 67 and has spent most of his working life in Hong Kong. A chartered accountant by profession, he worked for KPMG Hong Kong from 1964 until his retirement in 1996, becoming a Partner in 1971 and Senior Partner in 1991. He also served as Chairman of KPMG Asia Pacific from 1993 to 1997. He is a member of the Institute of Chartered Accountants of Scotland and The Hong Kong Securities Institute, and a fellow of the Hong Kong Institute of Certified Public Accountants and The Hong Kong Institute of Directors.

Mr Bruce is Chairman of KCS Limited, one of Asia's leading independent providers of integrated corporate services, and an independent non-executive director of Citibank (Hong Kong) Ltd. He also serves as an independent non-executive director of four publicly-listed companies in Hong Kong !VPaul Y Engineering Group Ltd, Tencent Holdings Ltd, Vitasoy International Holdings Ltd and Wing On Company International Ltd -  and three overseas -  China Medical Technologies Inc (listed on Nasdaq), Yingli Green Energy Holding Co Ltd (listed on NYSE) and Noble Group Ltd (listed in Singapore).

A keen racing man, Mr Bruce has been a Full Member of the Club for more than 37 years and was elected a Voting Member in 1981. He has been a horse owner since 1978 and is co-owner of two currently racing horses, Super Surprise and Real Surprise.  He is married with two daughters. He is also an active member of the Hong Kong Club and was its Chairman in 2006/07.

Related Webpage : The Board of Stewards of the Hong Kong Jockey Club


Photo:
Mr Iain Ferguson Bruce


 

 

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