Boustead & Co. is an asset management and corporate finance company created by Edward Boustead in 1828 that still exists today.
49-451: Boustead may refer to the following: Boustead & Co , a London merchant banking business Boustead Singapore , a Singapore engineering company Boustead Group , a Malaysian company Boustead Hill , an English village Boustead Cup , an annual English rowing race People with the surname [ edit ] Edward Boustead (1800–1888), an English businessman Hugh Boustead ,
98-652: A 50% interest in Maxim's, Hong Kong's leading restaurant chain. Jardine Strategic has a 78% shareholding in Dairy Farm. As of 8 March 2012 , Dairy Farm owned 70% of the shares of Lucky Group, the largest grocery mall operator in Cambodia. Mandarin Oriental Hotel Group is an international hotel investment and management company operating deluxe and first class hotels and residences in city and resort destinations around
147-541: A British officer, pentathlete, and diplomat Kerry Boustead , an Australian rugby league footballer Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Boustead . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Boustead&oldid=1095365015 " Category : Disambiguation pages Hidden categories: Short description
196-643: A full range of automobile and motorcycle products in partnerships with companies which include Toyota, Daihatsu, Isuzu, UD Trucks, Peugeot and BMW for automobiles, and Honda for motorcycles. Astra also has a strong presence in the automotive component sector through its subsidiary PT Astra Otoparts Tbk. In addition, Astra has interests in financial services; heavy equipment and mining; agribusiness; infrastructure and logistics; and information technology. In financial services, Astra's businesses provide financial products and services to support its automotive, heavy equipment sales, and general and life insurance. Henry Keswick,
245-571: A leading rubber plantation manager and owner of 49 rubber plantations with a total planted area of 141,629 acres. In 1892 Boustead & Co handled the first shipment of bulk oil to Penang and shortly after this the Shell Transport and Trading Company was formed with Isaac Henderson acting as one of its original directors. Boustead represented and operated on Shell's behalf in Penang until 1920 when Shell opened its own branch. By 1899, Singapore had become
294-680: A number of well-known local brands. It has a significant presence in Hong Kong, Macau, Malaysia, Singapore, Taiwan, and Indonesia, and a growing presence in China, India and Vietnam. Dairy Farm operates supermarkets under the banners of Wellcome, Jasons, Shop N Save, Cold Storage, Hero, Yonghui, and MarketPlace; hypermarkets under the Giant brand; health and beauty stores under Mannings and Guardian; IKEA furniture stores in Hong Kong, Macau, Indonesia, and Taiwan; as well as 7-Eleven convenience stores. The group also has
343-624: A presence since 1926. JC&C has an interest of just over 50% in Astra, a listed Indonesian conglomerate and the largest independent automotive group in Southeast Asia, as well as other motor interests in the region. Together with its subsidiaries and associates, Jardine Cycle & Carriage employs 250 000 across Indonesia, Malaysia, Singapore, Vietnam, Myanmar, and Thailand. Jardine Cycle & Carriage operates in Singapore, Malaysia, and Myanmar under
392-567: A significant stake in Indonesia's leading supermarket group Hero . Hotel brand Mandarin Oriental also embarked on a strategy to double its available rooms and improve returns. The first decade of the new millennium saw Jardine Cycle & Carriage acquire an initial 31% stake in Astra International , which has since been increased to just over 50%. Hongkong Land became a Group subsidiary for
441-634: A specific percentage of advances against the value of their goods stored in the Boustead warehouse. Such financing was called "trust receipts", where the merchant would hold the goods in trust for the banks. As trade credit and finance became increasingly important to banks, merchants, manufacturers and traders, Boustead & Co strengthened its position against competing houses—including the reputable trading houses of Jardine Matheson , Guthrie & Co Ltd , Harrisons and Crosfield Ltd , Maclaine, Watson and Co Ltd, Sime Darby & Co Ltd , and others—by establishing
490-441: A wholly owned subsidiary. Jardines today comprises a group of companies with extensive operations across Asia and, through some of its businesses, the world. The firm's business interests include Jardine Pacific , Jardine Motors , Hongkong Land , Dairy Farm , Mandarin Oriental , Jardine Cycle & Carriage , through which its interest in Astra is held. The Group also has strategic interests in other entities. Jardine Pacific
539-462: A wide trading network and became one of the leading British merchant banking houses, greatly contributing to Singapore's trading activities and economy. In 1850, the London headquarters was established to oversee the other offices in Hong Kong, Manila , Shanghai and Singapore. During the late 1880s, Boustead & Co took advantage of the introduction of the rubber tree to Malaysia and eventually became
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#1732894855778588-415: Is a Fortune Global 500 company. In 2013, both Jardine Matheson and Jardine Strategic were among the top 200 publicly traded companies in the world, as valued by market capitalisation . The firm of Jardine, Matheson & Company emerged in 1832 from an evolving process of partnership changes in the trading business Cox & Reid, a partnership established in 1782 between John Cox and John Reid ,
637-504: Is a holding company which represents a significant number of the Group's non-listed interests in Asia, principally in engineering and construction, transport services, restaurants and IT services. These include a number of Jardines’ long-standing businesses such as Jardine Engineering Corporation (JEC), Jardine Aviation Services , Hong Kong Air Cargo Terminals , Jardine Schindler (joint-venture with
686-557: Is active in the sales and service of motor vehicles in Hong Kong, Macau, mainland China and the United Kingdom. Subsidiary Zung Fu, which has held the Mercedes-Benz luxury vehicle franchise in Hong Kong for over 50 years, has achieved one of the highest market penetrations in the world for the luxury brand and ranks among its top international performers. The group also represents Smart and Hyundai passenger cars in Hong Kong. Zung Fu
735-777: Is different from Wikidata All article disambiguation pages All disambiguation pages Boustead %26 Co In 1828, Edward Boustead arrived in Singapore on board the British ship Hindustan . In the same year, he established a trading company, Boustead & Co. Boustead & Co specialised in import and export, offering goods such as banca tin, spices, saps, rattan, medicinal herbs, silk and tea widely available in South East Asia in exchange for Western products like cloth, oil and machinery. Boustead & Co commissioned Irish civil architect, George Drumgoole Coleman to design
784-534: Is expanding its presence across the growing market of Southern China where it is actively developing a network of Mercedes-Benz dealerships. In the United Kingdom, Jardine Motors is one of the country's largest retail dealership groups with a portfolio of specialist franchises that includes Aston Martin, Audi and Volkswagen, Jaguar and Land Rover, Mercedes Benz and Porsche. Hongkong Land is an Asian property investment, management and development group. Established in Hong Kong in 1889 by Sir Paul Chater and William Keswick,
833-527: The Jardine Scholarship in 1982 and Mindset, a mental health-focused charity, in 2002. Jardines was one of the original Hong Kong trading houses or Hongs that date back to Imperial China . 58 percent of the company's profits were earned in China in 2019. The company is controlled by the Keswick family , who are descendants of co-founder William Jardine's older sister, Jean Johnstone. Jardine Matheson
882-488: The Keswick family , who are direct descendants of William Jardine's sister Jean through the marriage of her daughter to Thomas Keswick, father of William Keswick , an early Tai-pan of the firm. While the leadership of Jardines is Scottish, the firm is international in its dealings. The staff of Jardines is predominantly Asian, with senior management levels composed of a mixture of British, Chinese, Indonesians, Europeans, Australians and Americans. The Keswicks have maintained
931-597: The Qing dynasty the next year, and demolished the next year. In the early decades of the 20th century, Jardines built cotton mills, a press packing plant, and a brewery in Shanghai while expanding into Africa, America, and Australia. When war came to China in 1937 , the firm suffered heavily both in Hong Kong and in mainland China. After the 1949 foundation of the People's Republic of China, trading conditions for foreign companies under
980-530: The Schindler Group which evolved from JEC's earlier appointment as Schindler 's sole Hong Kong representative), Gammon Construction as well as more contemporary interests that reflect the demands of Asian consumers; among them Pizza Hut restaurants in Hong Kong, Taiwan, Vietnam and Myanmar, KFC franchises in Hong Kong (not part of Yum China or Yum Brands ), Macau and Taiwan. Pizza Hut and KFC operations are under Jardine Restaurant Group. Jardine Motors
1029-564: The 'east coast of England' [a reference to Cambridge] I do feel that men from north of the border are the most suitable for our routine business... I am very keen on keeping the Scottish entity of the Firm. But I hope I have not conveyed that I have swung against the University man... I merely consider that he must be aided and abettered by the solid, plodding type from Scotland." Jardines is controlled by
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#17328948557781078-537: The 1997 handover of Hong Kong , in 1990 Jardine Matheson Holdings and four other listed group companies arranged primary share listings on the London Stock Exchange in addition to their Hong Kong listings. Other significant developments during this decade included the merging of Jardine Insurance Brokers with Lloyd Thompson to form Jardine Lloyd Thompson , the acquisition of a 16% interest in Singapore blue-chip Cycle & Carriage and Dairy Farm ’s purchase of
1127-660: The British Treasury since May 2010, joined Jardine Matheson as an executive board member in January 2013. This appointment brought together members of two great Asian trading dynasties, since Jardine Matheson and the Sassoon family were rivals in the 19th century when they competed to open up and grow trade in Hong Kong and China. He retired on 9 April 2020. Until 1936, principles of staff recruitment remained Scottish first, Oxbridge second. W. J. Keswick said: "With all due deference to
1176-516: The Cycle & Carriage banner. The group represents some of the world's best-known motoring marques including Mercedes-Benz, Toyota, Honda and Kia. Jardine Strategic has a 72% shareholding in Jardine Cycle & Carriage. Astra is Southeast Asia's largest independent automotive diversified business group with seven primary businesses in Indonesia. Operating predominantly in Indonesia, it is a provider of
1225-566: The East had to be balanced with demand for goods from the West. Singapore merchant, Tan Kim Seng , was a middleman in Boustead's trading activities. He was also a good friend of Boustead. Tan amassed small shipments of produce from local traders for Boustead, who would then ship the produce to the West. Boustead & Co. was the first agent for Hongkong and Shanghai Bank in Singapore, offering banking facilities to businesses. Brokers and sellers could draw
1274-421: The East, while the Singapore partner would trade with Eastern produce such as coffee and spices. The freedom of port made Singapore an ideal market for trading among imported manufacturers. Import of Western commodities such as textiles and machinery had to be balanced with exports of Eastern produce such as copra, coconut, pepper and tapioca. Boustead & Co had a "Balance of Trade", where demand for goods from
1323-715: The FSC. Jardine Matheson Jardine Matheson Holdings Limited (also known as Jardines ) is a Hong Kong –based, Bermuda -domiciled British multinational conglomerate . It has a primary listing on the London Stock Exchange and secondary listings on the Singapore Exchange and Bermuda Stock Exchange . The majority of its business interests are in Asia, and its subsidiaries include Jardine Pacific, Jardine Motors , Hongkong Land , Jardine Strategic Holdings , DFI Retail Group , Mandarin Oriental Hotel Group , Jardine Cycle & Carriage and Astra International . It set up
1372-473: The United Kingdom and the United States laying the groundwork for the foundation of Jardine Insurance Brokers. By 1980, the firm had operations in southern Africa, Australia, China, Great Britain, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Saudi Arabia, Singapore, South Korea, Taiwan, Thailand, as well as the United States, and employed 37,000 people. After re-domiciling to Bermuda in 1984 ahead of
1421-641: The United Kingdom. In 2015 Boustead & Co. founded Boustead Asset Management Ltd in Mauritius to serve as the investment advisor to Boustead Investment Fund, a social impact investment fund with a focus on investing in socially responsible investments. The asset manager and fund are regulated by the Financial Services Commission in Mauritius (FSC) and were granted a Collective Investment Scheme Manager Licence and Category 1 Global Business Licence by
1470-475: The cession of Hong Kong under the 1842 Treaty of Nanking , the firm, by then named Jardine, Matheson & Company, set up its headquarters on the island and grew rapidly, smuggling illegal opium from British-controlled India into China. Jardine Matheson has been called the "most successful opium smuggling company in the world". Both Jardine and Matheson became members of Parliament in Britain, and Matheson also bought
1519-461: The company's Tai-pan from 1970 (aged 31) to 1975 and the 6th Keswick to be Tai-pan of the company, is chairman emeritus. His brother, Simon, was the company's Tai-pan from 1983 to 1988 and was the 7th Keswick to be Tai-pan. Both brothers are the 4th generation of Keswicks in the company. The 5th generation of Keswicks are also active within the organisation. Ben Keswick, son of Simon, is executive chairman of Jardine Matheson Group and from 2012 to 2021
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1568-564: The company's headquarters alongside the Singapore River . The warehouse was known as "the house of seven and twenty pillars", located around the corner from High Street. In 1834, Boustead & Co partnered with German-born merchant, Gustav Christian Schwabe in the Singapore company. Schwabe and his cousin established Sykes Schwabe & Co in Liverpool . The Liverpool partner would export products like textiles, biscuits, brandies and steel to
1617-425: The entire Scottish island of Lewis , clearing over 500 families off the land and shipping them to Canada in order to build Lews Castle . Continuing its longstanding trade in smuggled opium , tea, and cotton, the firm diversified into other areas including insurance, shipping, and railways. By the mid-19th century, the company had become the largest of the hongs or foreign trading conglomerates with offices in all
1666-474: The firm has focused more on consolidation of existing properties. Contrary to public perception of the firm avoiding investing into mainland China, preferring instead to seek profits in Southeast Asia, its subsidiary Hongkong Land spent 4.4 billion dollars buying a plot of land in Shanghai which, according to Jonathan Galligan of CLSA , signifies its commitment to doing business in mainland China. Moreover, according to informal calculations by Bloomberg , in 2019
1715-544: The first time following a multi-year programme of steady open market purchases while Jardine Pacific raised its interest in Hong Kong Air Cargo Terminals Limited from 25% to 42%. In 2018, Jardines sold its 41% interest in Jardine Lloyd Thompson to Marsh and McLennan Companies . With the coming of a new generation of Keswick family leadership, diversification of assets has slowed down and
1764-492: The group today has property interests across the region. In Hong Kong, the group owns and manages approximately 9,140,000 square feet (850,000 m ) of prime commercial space in Central . In Singapore, it is helping to create the city-state's Central Business District with an expanding joint venture portfolio of new developments. In addition to commercial properties, Hongkong Land also develops residential properties in key cities around
1813-675: The important Chinese cities as well as Yokohama , Japan. One of its branch agencies, Glover and Co. , established in Nagasaki , was known in Japan as an arms dealer who contracted with then-rebel forces from Chōshū Domain who led the Meiji Restoration in 1868. Jardine Matheson invested in the first commercial railroad in China , the Wusong-Shanghai railroad . It was built in July 1876, bought by
1862-568: The latter having been agent of the Austrian trading company, Trieste Company . University of Edinburgh Medical School graduate William Jardine (1784–1843) joined the firm, by then having morphed through Cox & Beale, Beale & Company and Beale & Magniac into Magniac & Company, and the original partners long gone, in 1825 at the invitation of principal Hollingworth Magniac . University of Edinburgh graduate James Matheson joined three years later as Magniac prepared to retire. With
1911-493: The mid 1970s saw Jardine's buy Gammon Construction , the largest construction and civil engineering group on the island. A presence was re-established on the mainland in 1979 following China's reform and opening up and a year later the firm established the Beijing Air Catering, the first foreign joint venture in the country since 1954. During the 1970s Jardines also expanded their insurance interests with acquisitions in
1960-553: The new Communist regime became increasingly difficult. The firm listed in Hong Kong in 1961. The landmark Mandarin Hotel opened in Hong Kong in 1963 as the city's first five star hotel. In 1970, Jardine Fleming, the first merchant bank in Asia, opened for business while a real estate company and sugar plantations in Hawaii and the Philippines were acquired. A Hong Kong building boom in
2009-593: The region including Hong Kong, mainland China, Macau and Singapore where its subsidiary MCL Land is a significant property developer. Jardine Strategic has a 53% shareholding in Hongkong Land. DFI Retail Group traces its origins in Hong Kong back to the 19th century when it was involved in the production of dairy products and ice. Today the company is a leading pan-Asian retailer. The Dairy Farm group's retail operations range from grocery retail and health and beauty stores to convenience and home furnishings, operating under
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2058-413: The region. Some of the famous brand names that became synonymous with Boustead were Cadbury's , Nestlé , Del Monte , Gillette , Procter & Gamble , Johnnie Walker , Hennessy , Moët & Chandon , Nissan , Suzuki and Thomas Cook. After Edward Boustead 's death in 1888, Boustead & Co.'s associates took over the business. Boustead Plc (formerly known as Taiping Rubber Plantations Limited)
2107-675: The renowned Lloyd's of London , which Boustead would represent for more than a century. After World War II, Malaysia declared independence from the British in August 1957 and Singapore declared independence from Malaysia in 1965. This saw Boustead & Co split into three entities, Boustead plc in London, Boustead Holdings Berhad in Malaysia and Boustead Singapore Limited which listed on the Singapore Stock Exchange on 17 October 1975. In 2012 Boustead Limited originated from Boustead plc and
2156-455: The share of company profits from mainland business ventures is the third largest at 255.4 million USD. All in all, as of 2021 the company's annual report states that 55% of its profits come from China, as opposed to 42% and 3% earned in Southeast Asia and the rest of the world respectively. Following a restructuring of the complex shareholding system designed to prevent a hostile takeover in 2021, Jardine Matheson consolidated Jardine Strategic as
2205-524: The world's main exporter of tin. Boustead & Co played a leading role as promoter and investor in the tin smelting facility on Pulau Brani, constructed by the Straits Trading Company . From that point forward, Straits Tin became one of the leading businesses of Boustead & Co. Over the decades, the excellent reputation of Boustead & Co allowed it to attract some of the world's most famous brands to give it agency rights in Singapore and around
2254-519: The world. The group's flagship hotel, Mandarin Oriental, Hong Kong, has been recognised as one of the world's leading hotels since shortly after its opening in 1963 along with the equally world-renowned Mandarin Oriental, Bangkok, previously known as The Oriental. Jardine Strategic has a 79% shareholding in Mandarin Oriental. Jardine Cycle & Carriage (JC&C) is an established Singapore-listed company where, as Cycle & Carriage, it has had
2303-415: Was Tai-pan. Adam Keswick, son of Sir Chips Keswick was Deputy managing director. The organizational structure of Jardines has changed fundamentally since its foundation, but the members of the family of Dr. William Jardine still have significant influence in the firm. As of 2021, the directors of Jardine Matheson Holdings were: Lord Sassoon , a former UBS Warburg banker who had been a junior minister in
2352-422: Was founded in 1910 and eventually listed as Boustead Plc on the London Stock Exchange . Having survived World War I, Boustead & Co continued to play a significant role in the expansion of Singapore as the world's largest port, with a booming business in cargo, freight handling, insurance and ship services. By 1940 Boustead & Co represented over 20 major shipping lines and numerous insurance agencies including
2401-406: Was renamed later Boustead & Co Ltd, which is the holding company for financial services, including corporate finance, principal investing and asset management. In 2014 Boustead & Co. co-founded Noble Tree Property Investment, a property company focused on socially responsible investing that develops, owns, lets and sells affordable housing and specialty supported housing developments across
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