Xinyuan Real Estate Co., Ltd. Announces New Board Member
BEIJING, Nov. 26, 2012
BEIJING, Nov. 26, 2012 /PRNewswire/ --Xinyuan Real Estate Co., Ltd.
("Xinyuan" or "the Company") (NYSE: XIN), a residential real estate developer
with primary focus on high growth cities in China, today announced the
appointment of Anthony J. Walton to its Board of Directors, effective November
13, 2012. Mr. Walton joins the Board as an independent director and a member
of audit and compensation committees.His appointment raises the total number
of Xinyuan Board members to nine.
Mr. Walton has over 40 years of commercial and investment banking experience.
He currently serves as Vice Chairman at Standard Chartered Bank America,
responsible for the Bank's relationships with its key corporate and financial
clients and also plays a critical role in developing businesses between the
Americas and Asia for the Bank and its clients. In early 2000, he co-founded
an internet bank, Effinity Financial Corp and was also a partner at McFarland
Dewey and Co., a new York-based corporate advisory firm and broker-dealer.
Earlier in his career, he served as Chief Executive Officer, separately, of
two private investment banks, one owned by members of the Wal-Mart Walton
family, and then the Caspian Group, an emerging markets investment bank in 20
countries. From 1983 to 1993, he was Chief General Manager, Americas and
Europe, of Westpac Banking Corporation and served on the main Board of
Directors of Westpac in Sydney, Australia. Mr. Walton started his banking
career with the Chase Manhattan Bank in New York in 1966 and undertook
multiple assignments worldwide in his 16-year tenure including his final role
at Chase as Senior Vice President and Chief Executive Officer of the Global
Trade Finance Group.Mr. Walton received his B.A. from Haverford College and
his M.B.A. from the Wharton Graduate School of Finance at the University of
Mr. Yong Zhang, Xinyuan's Chairman and Chief Executive Officer said, "We are
pleased to have Anthony join our Board of Directors. His significant
commercial and investment banking experience will bring additional financial
depth and perspective to Xinyuan's Board and management team. We welcome his
leadership and look forward to his future contributions to the Board."
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a developer of large
scale, high quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community lifestyle.
Xinyuan focuses on China's Tier I and II cities, characterized as larger, more
developed urban areas with above average GDP and population growth rates.
Xinyuan has expanded its network to cover a total population of over 64.7
million people in eight strategically selected Tier II cities, comprising
Beijing, Hefei, Jinan, Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu.
Xinyuan's U.S. development arm, XIN Development Group International, Inc.
("XIN") is a pioneer amongst Chinese real estate residential developers,
entering the US market with three projects in 2012. Xinyuan is the first real
estate developer from China to be listed on the New York Stock Exchange. For
more information, please visit http://www.xyre.com.
For more information, please contact:
Mr. Tom Gurnee
Chief Financial Officer
Tel: +86 (10) 8588-9390
Ms. Helen Zhang
Tel: +86 (10) 8588-9255
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
SOURCE Xinyuan Real Estate Co., Ltd.
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