Corporate History
Date:
Significant Events:
December 1998
Jardine Fleming Capital Partners Pty Ltd (JFCP) established as a joint venture between Jardine Fleming Group Limited (JF) 80% and Capital Partners Group Pty Ltd (CPG) 20%.
April 2000
CPG exercises option to increase its economic interest in JFCP to 30%
August 2000
Chase Manhattan Corporation acquired 100% of Robert Fleming Holdings Limited (the parent company of JF). The funds management division of the new entity was subsequently renamed ‘Chase Fleming Asset Management’
October 2000
Subordinated loan (AUD3m) from JF to JFCP written-off as consideration for CPG not exercising its right to buy JF’s ownership stake at book value of JFCP it the event of a JF ownership change.
April 2001
CPG exercises option to increase its economic interest in JFCP to 40%.
January 2001
The Chase Manhattan Corporation merged with J.P. Morgan and Co. to create J.P. Morgan Chase and Co. The funds management business of the new merged entity was branded 'J.P. Morgan Fleming Asset Management' (JPMF).
April 2002
CPG exercises option to increase its economic interest in JFCP to 50%.
November 2003
The name ‘Jardine Fleming Capital Partners Ltd’ is changed to JF Capital Partners Ltd (JFCP) in recognition of the changed ownership structure of JF three years earlier.
June 2005
J.P. Morgan Fleming Asset Management (JPMFAM) renamed J.P. Morgan Asset Management (JPMAM). As a result of the above-mentioned corporate activity, JFCP is now a joint venture between JPMAM and CPG. JFCP is now owned 50% by JPMAM and 50% by CPG.
March 2007
'Russian roulette' clause in Joint Venture Agreement between JF and CPG comes into operation. JFCP makes full repayment of subordinated loan (AUD2.6m) to JPMAM.
June 2010
CPG buys 50% stake of the business owned by JPMAM. JFCP becomes 100% employee owned and rebrands as JCP.