Peter S. Henley appointed Senior Vice President, Business Development at Raffles Holdings Limited

Raffles Holdings Limited has appointed Mr. Peter S. Henley as its new Senior Vice President of Business Development with effect from November 4 2002.

Mr. Henley received his law degree from University College, London and his Masters in Business Administration from The Management School at the Imperial College. He started his career as a real estate lawyer for a London firm of solicitors and in a career that spans more than 24 years, he has held various senior management positions. Between 1989 and 1995, he was working for Holiday Inn Worldwide, first as an Associate Legal Counsel in Brussels, then Vice President (Development) in Hong Kong before becoming the Regional Vice President, Holiday Inn Worldwide based in Sydney, and was responsible for all aspects of Holiday Inn Worldwide operations in Australia.

After Holiday Inn Worldwide, Mr. Henley was the Chief Executive Officer of Pacific Star Investments Pte Ltd from 1997 to 1998. Pacific Star Investments was a US$17 million new venture that chartered an 800 passenger cruise ship to operate full time in Australian waters, servicing both the American and European markets.

Mr. Henley returned to the United Kingdom in 1999 and was the Chief Operating Officer of Easi Solutions plc, a company specialising in the installation of in-room technology in hotels. Prior to joining Raffles International, Mr. Henley was the Managing Director for UK's Foroco Investments Limited where he was directly involved in managing the feasibility, planning, funding and set up of operations for a UK IT company, 3 American software companies and an event management and brand leverage company in Europe.