Sir Piers Jacobs (; 27 May 1933 – 23 September 1999) was

Financial Secretary of Hong Kong The Financial Secretary () is the title held by the Hong Kong government minister who is responsible for all economic and financial matters (“Department of Finance” per Article 60 of the Basic Law). The position is among the three most sen ...

from 1986 to 1991, a period that included the 1987 market crash, when he oversaw the closure of the

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

and notably refused to bail out the

Bank of Credit and Commerce International The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The bank was registered in Luxembourg with head offices in Karachi and London. A decade after opening, BCC ...

. He also was Secretary for Economic Services from 1982 to 1986.Former finance chief Piers Jacobs dies of cancer
South China Morning Post, 24 September 1999 A solicitor by profession, Jacobs held a number of senior corporate positions, including in later life: senior vice-chairman and director of

CLP Holdings CLP Group () and its holding company, CLP Holdings Ltd (), also known as China Light and Power Company, Limited (now CLP Power Hong Kong Ltd., ), is an electricity company in Hong Kong. Incorporated in 1901 as China Light & Power Company Syndi ...

, chairman and director of

Sir Elly Kadoorie and Sons ''Sir'' is a formal honorific address in English for men, derived from Sire in the High Middle Ages. Both are derived from the old French "Sieur" (Lord), brought to England by the French-speaking Normans, and which now exist in French only as ...

, and chairman of the Kadoorie Farm and Botanic Garden Corporation.

Personal life, and death

Born in the United Kingdom,Legislative Council Members database - Piers Jacobs
/ref> Jacobs was married with one daughter. He died in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

on 23 September 1999, survived by his wife and daughter.

References

1933 births 1999 deaths Financial Secretaries of Hong Kong Government officials of Hong Kong Hong Kong people of British descent Knights Commander of the Order of the British Empire HK LegCo Members 1985–1988 {{HongKong-gov-bio-stub