Victor Mallet appointed Editor of Financial Times, Asia

London - The Financial Times today announces the appointment of Victor Mallet as Editor of the Financial Times, Asia. He will be responsible for the FT's Asia-Pacific editions in print and online.

Currently chief Asia correspondent of the FT in Asia, based in Hong Kong, he replaces John Ridding who will move to London in June to become Chief Executive of the Financial Times.

Before moving to Hong Kong in 2003, Victor Mallet was the FT's Paris correspondent. In his twenty year FT career, he has held a variety of reporting roles, including Southern African correspondent from 1998 to 2001, South-East Asia correspondent from 1992 to1994, and Africa correspondent from 1986 to 1988. Victor has also been deputy features editor and Middle East correspondent.

Before joining the Financial Times, Victor was a correspondent for Reuters in Johannesburg, Cape Town and Paris.

He is the author of The Trouble with Tigers: the Rise and Fall of South-East Asia, which was published in 1999.

The FT has now established itself as Asia's leading international newspaper, winning the main international newspaper awards yesterday at the annual prizegiving of the Society of Publishers in Asia. FT writers took the top awards for business reporting and scoops, with their coverage of the bid for Unocal by China's CNOOC, for environmental reporting in the coverage of China's river pollution disaster in Harbin, and for newspaper design. For the second year running, Victor Mallet won the award for opinion writing. The FT was also highly commended in the explanatory reporting category for its coverage of the revaluation of the renminbi.

The FT has secured the highest readership among international titles in Asia with a strong lead among C-suite business executives (PAX Q4, 2005). The most recent ABC figures, for April 2006, show a 16 per cent year on year circulation increase.

Lionel Barber, Editor of the Financial Times commented;

"Our Asia edition is going from strength to strength, both in print and online. Victor is an incisive and compelling commentator on Asian business and politics and is the natural choice to lead our Asia edition. "

Victor Mallet commented:

"We have excellent teams of reporters across the globe who give our readers in the Asia-Pacific the highest quality of news, comment and analysis - and our correspondents here in Asia have proved unbeatable in informing the world about business developments in the most dynamic economies of the 21st century. I'm thrilled to be leading the next exciting phase of the FT's growth in Asia, in print and online."

Further information

Joanna Manning-Cooper/Lucy Ellison - 020 7873 4447/3119

Notes

The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT Group includes:

  1. The Financial Times, one of the world's leading business newspapers, is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 23 cities across the globe, has a daily circulation of over 445,000 and a readership of more than 1.4 million people worldwide.
  2. FT.com is one of the world's leading business information websites, and the internet partner of the FT newspaper. Since its relaunch in May 2002, the website has continued to be the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 4.8 million unique monthly users (ABC electronic figures Jan 06), generating 41 million page views and has 84,000 subscribers. FT.com broke even in December 2002.
  3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr. In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.
  4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
  5. FT Business, which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
  6. The Financial Times Group also has a stake in a number of joint ventures, including;
    • FTSE International, a joint venture with the London Stock Exchange.
    • Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
    • A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
    • A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.
    • A 13.85% stake in Business Standard, one of India's leading financial newspapers.

The FT Group is part of Pearson plc, the international media group.