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 operational capability receive the same intense focus as our investment team's work in 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 www.matthewsfunds.com.

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.

Edited by: Erin Kello

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE