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James Matheson, one of the two founders of the Hong Kong-based Jardine Matheson trading company, founded Matheson & Company in 1848 after he returned from China. [1] The company was created in a reorganization of Magniac-Jardine and Company, which had come close to liquidation in the 1847 financial crisis. [2]
The company is controlled by the Keswick family, who are descendants of co-founder William Jardine's older sister, Jean Johnstone. Jardine Matheson is a Fortune Global 500 company. [11] In 2013, both Jardine Matheson and Jardine Strategic were among the top 200 publicly traded companies in the world, as valued by market capitalisation. [12]
William Jardine and James Matheson. Jardine, Matheson & Co., later Jardine, Matheson & Co., Ltd., forerunner of today's Jardine Matheson Holdings, was a Far Eastern company founded in 1832 by Scotsmen William Jardine and James Matheson as senior partners.
William Jardine (24 February 1784 – 27 February 1843) was a Scottish opium trader and physician who co-founded the Hong Kong–based conglomerate Jardine, Matheson & Co. Educated in medicine at the University of Edinburgh , in 1802 Jardine obtained a diploma from the Royal College of Surgeons of Edinburgh .
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The founder of the dynasty, William Keswick was born in 1834, in Dumfriesshire in the Scottish Lowlands.His grandmother, Jean Jardine Johnstone was an older sister of Dr. William Jardine, the founder of Jardine Matheson & Company His father Thomas Keswick had married Margaret Johnstone, Jardine's niece and daughter of Jean, and entered the Jardine business.
Contrary to the practice at the time of retiring partners removing their capital from the firm, Hollingworth left his capital in trust to Jardine and Matheson. The firm remained as Magniac and Co. until 1832, [9] as the name was still formidable throughout China and India. The partnership was then restructured to become Jardine, Matheson & Co ...
He arrived in the Far East in 1870 and remained there for 26 years. He became a partner of the Messrs Jardine, Matheson & co. and taipan of the firm from the 1890s. He founded Hongkong Land together with his close associate Sir Paul Chater. This was a development company established in 1889 which remained closely associated with Jardine Matheson.