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Blue chip merchant bank Schroders is losing its group legal director James Watkins to major Hong Kong company Jardine Matheson.
Watkins will join Jardines as group legal director in Hong Kong next month. He was a senior partner in charge of Linklaters & Paines' Hong Kong office from 1986 to 1994 and joined Schroders last August from shipping company Trafalgar House.
Watkins said he was returning to Hong Kong, because "the offer was one which I could not resist".