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Rating:Mr. President Please Stand Up Not Rated 1.4 Email Routing List Email & Route  Print Print
Monday, March 26, 2007

Mr. President Please Stand Up

News summary by MFWire's editors

William J. Hackett joins Matthews International Capital Management, LLC, as president. He replaces Mark W. Headley who will continue to be Chief Executive Officer of Matthews International Capital Management and was recently appointed President of Matthews Asian Funds. Prior to joining Matthews, Mr. Hackett was a partner with the global investment management practice of Deloitte & Touche, LLP.


Matthews International Capital Management, LLC, advisor to the Matthews Asian Funds, has announced that William J. Hackett has joined the investment firm as President. This position was previously held by Mark W. Headley, who continues to be the Chief Executive Officer of Matthews International Capital Management and was recently appointed President of Matthews Asian Funds.

Mr. Hackett will oversee the company's operations and administration. He is bringing to the firm extensive experience in global financial markets and proven leadership skills, which will play an integral role in the long-term development of the company.

"Having a highly respected fund-industry professional of Bill's caliber join Matthews is a major step forward for our entire organization," said Mark Headley. "His unique background in U.S., European and Asian financial markets will greatly enhance our ability to navigate the growing and ever-demanding business environment of Asia and asset management."

Prior to joining Matthews, Mr. Hackett was a partner with the global investment management practice of Deloitte & Touche, LLP, where he worked for over 16 years in various capacities and global offices. Most recently, Mr. Hackett managed the firm's U.S. Pacific Southwest investment management practice, following four years leading Deloitte's Asia Pacific investment management practice in Tokyo. In Tokyo, he was responsible for regional oversight and worked with the firm's major Asia Pacific offices, including Australia, China, Hong Kong, Korea, Singapore and Taiwan. Prior to that, he spent three years in the firm's Luxembourg office, where he oversaw the audits of several major investment management clients. He joined Deloitte & Touche in New York in 1990. Mr. Hackett received his B.S. in Accounting from the University of Scranton.

Founded in 1991, Matthews International Capital Management specializes in Asian investing and manages the no-load Matthews Asian Funds. The Matthews Asian Funds include the Asia Pacific Fund, Asia Pacific Equity Income Fund, Pacific Tiger Fund, Asian Growth and Income Fund, Asian Technology Fund, China Fund, India Fund, Japan Fund and Korea Fund.

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 (2742) or by visiting www.matthewsfunds.com. Please read the prospectus carefully before investing as it explains the risks associated with investing in international markets.

Mutual fund shares are not deposits or obligations of, or guaranteed by, any depository institution. Shares are not insured by the FDIC, Federal Reserve, or any other government agency, and are subject to investment risks, including possible loss of the principal amount invested.

Distributor: PFPC Distributors, Inc., 760 Moore Road, King of Prussia, PA 19406 

Edited by: Erin Kello


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