Press ReleaseRIRICFebruary 6, 2017

Lord Michael Sandberg appointed Chairman of the RIRIC Advisory Board

Former World Chairman and CEO of HSBC (Hong Kong & Shanghai Banking Corporation) joins Royal Indian Raj International Corporation as Chairman of its Business Advisory Board.

RIRIC

VANCOUVER and LONDON — Royal Indian Raj International Corporation (RIRIC) today announced the appointment of Lord Michael Sandberg, former World Chairman and CEO of HSBC (Hong Kong & Shanghai Banking Corporation), as Chairman of the RIRIC Business Advisory Board.

Lord Sandberg led HSBC's global expansion from Hong Kong into one of the world's largest financial institutions and is widely credited as the architect of modern Asian banking. He brings to RIRIC's board a half-century of capital-markets, regulatory, and government-relations experience across Asia and Europe.

"Lord Sandberg's stewardship of HSBC during one of the most transformational periods in Asian finance is unmatched," said RIRIC Chairman and CEO Manoj C. Benjamin. "His counsel on capital structure and institutional partnerships will be invaluable as we move Royal Garden City and our wider integrated-township program into the build phase."