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Chairman of Glencore, the world’s largest diversified commodities trader

SMC Capital China (“SMC3”), one of China’s leading growth capital private equity firms, and part of Simon Murray Group (“SMG”), announced today that its executive Chairman, Mr. Simon Murray, has been appointed non-executive Chairman of the Board of Directors of Glencore International (“Glencore”), the world’s largest diversified commodities trader.  

In 2010, Glencore reported consolidated turnover of USD145bn. Glencore has announced plans to raise up to USD12.1bn in a global IPO.   Glencore’s IPO could be the world’s biggest this year, with its scale comparable to that of Goldman Sachs’ IPO in 1999.  Switzerland-based Glencore supplies metals, minerals, crude oil, oil products, coal, natural gas and agricultural products to the world's largest firms including BP, Total, Exxon Mobil, ConocoPhillips, Chevron, Vale, Rio Tinto, ArcelorMittal and Sony.  It also supplies the national oil companies of Iran, Mexico and Brazil and the public utilities of Spain, France, China, Taiwan and Japan.

Mr. Simon Murray, 71, was selected as Glencore’s non-executive Chairman for his distinguished business career and valuable connections in Europe and Asia.   Besides his investment activities with SMC3, Mr. Murray was previously Managing Director of Hutchison Whampoa and executive Chairman Asia Pacific of Deutsche Bank Group.   He serves on the boards of some of the world’s most important companies, including Cheung Kong Holdings, Richemont and Essar Energy.

SMC3 is Mr. Murray’s primary China private equity investment platform.SMC3 is a leading growth capital private equity firm investing both USD and RMB-denominated funds.  SMC3 aims to be the leading international PE fund manager with a truly nationwide local presence, in partnership with Chinese government and strategic partners.  Currently, SMC3 has offices and local teams in four Chinese cities. 

About Mr. Simon Murray

Mr. Murray is an international financier and business leader with more than four decades of experience in Asia.   Mr. Murray is the Chairman and founder of Simon Murray Group, one of the longest running and most prominent private equity and alternative asset investment firms in Asia and SMC3 its China private equity platform.  Mr. Murray was previously managing director of Hutchison Whampoa and executive Chairman Asia Pacific of Deutsche Bank Group.

Mr. Murray is currently a Director of a number of companies including Essar Energy PLC, IRC Limited, Cheung Kong Holdings, Sino-Forest Corporation, Omnicorp Limited, Orient Overseas (International), Wing Tai Properties, Arnhold Holdings Ltd, and Compagnie Financière Richemont S.A.  Mr. Murray has served on boards and held advisory positions at Vodafone, Tommy Hilfiger Corporation, Vivendi Universal, Usinor S.A., Hermès, General Electric (USA), China National Offshore Oil Corporation (CNOOC), Macquarie Bank, N.M. Rothschild, and Bain & Company.   A former French Foreign Legionnaire, Mr. Murray is also in the Guiness Book of World Records as the oldest man to reach the South Pole unsupported, at the age of 63.

UPDATE. 2011-05-04
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