RAMSAY HEALTH CARE LIMITED
Mr James McMurdo has over 30 years finance and banking experience. He has a background
in corporate advisory spanning across mergers and acquisitions, strategic advisory and
financing with experience across multiple industries including the healthcare sector. He has
held senior operating management roles and worked extensively in both the Asia Pacific and
Mr McMurdo is one of the Founding Partners of Privatus Capital Partners, an advisory and
merchant banking business focussed on private capital. Prior to establishing Privatus, Mr
McMurdo held senior management roles at Deutsche Bank and was based in Hong Kong.
During his time at Deutsche Bank, he was Global Co-Head of Corporate Finance, Head of
Corporate and Investment Bank for Asia Pacific and CEO for Australia and New Zealand. He sat
on the firm’s Global Executive Committee for the Corporate and Investment Bank for four years.
Prior to this, Mr McMurdo was a Partner at Goldman Sachs, where he held senior positions in the
Investment Banking Division in Australia and Europe.
Mr McMurdo holds a degree in Economics from the University of Newcastle upon Tyne and is a
member of the Institute of Chartered Accountants for England & Wales.
• Audit Committee (Member)
Ms Karen Penrose has had an extensive executive career in leadership and CFO roles, mainly
in financial services. She is well-versed in financial management, customer outcomes and
operating in a rapidly changing regulatory environment which stems from 20 years in banking
with Commonwealth Bank and HSBC and eight years as a listed-company CFO.
Ms Penrose has been a full-time director since 2014 and is an experienced committee chair of
audit and risk. In addition to being a Non-Executive Director of Ramsay Health Care, Ms Penrose
also serves as a Director of Vicinity Centres, Bank of Queensland and Estia Health. Ms Penrose
is a member of Chief Executive Women and on the Board of Marshall Investments Pty Limited
and Rugby Australia Limited.
In the past three years, Ms Penrose has served as a Director of the following listed companies:
• Vicinity Centres (Appointed June 2015)
• Bank of Queensland (Appointed November 2015)
• Estia Health (Appointed October 2018)
• Ramsay Santé (Appointed February 2021)
• Spark Infrastructure Group (Resigned May 2020)
• Audit Committee (Chair)
• Risk Management Committee (Member)
Dr Claudia Süssmuth Dyckerhoff PhD joined the Ramsay Health Care Board in October
2018, bringing expertise in market growth strategies, business development and operational
performance improvement in hospitals.
Dr Süssmuth Dyckerhoff has extensive global experience in hospitals and health care across
Europe, Asia, and the USA. She joined McKinsey & Company in Switzerland in 1995 and was
transferred to the USA focusing on supporting health care companies, including pharmaceutical/
medical device companies, payor, provider and health systems in Europe and the USA. In 2006,
Dr Süssmuth Dyckerhoff transferred to China, was elected Senior Partner in 2010 and supported
health care companies as well as governments across Asia. She also led McKinsey’s Asia-wide
Health Systems and Services Sector.
Dr Süssmuth Dyckerhoff also supports start-ups in the health care area; she joined the
board of the Health Tech company HUMA in April 2021 and the board of QuEST Global in
Dr Süssmuth Dyckerhoff studied Business Administration at the University of St Gallen,
Switzerland as well as at ESADE, Barcelona where she graduated with an MBA/CEMS Master.
She also holds a PhD in Business Administration from the University of St Gallen/University of
Michigan Ann Arbor.
In the past three years, Dr Süssmuth Dyckerhoff has served as a Director of the following
• Hoffmann La Roche (Appointed March 2016)
• Clariant AG (Appointed April 2016)
• Risk Management Committee (Member)
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