PEREGRINE Investments Holdings has set up an executive committee to take responsibility for the management of all the group's businesses. In order to organise the company's businesses along product lines instead of by geographical area, Peregrine's new 22-member committee will include the four executive directors of the main board and business and country heads. The company yesterday said Andrew Jamieson, Judd Kinne and Peter Fu had stepped down from the board and taken up positions in the executive council. 'This will avoid a duplication of resources and enhance the integration of our various businesses. It will also more effectively utilise the skills we have within the group,' Peregrine Group chairman Philip Tose said. He said the restructuring would further improve the effectiveness of the group's centralised treasury and risk-management operations. 'With about 28 offices in 16 Asian countries, Peregrine requires a strong centralised management structure that will drive the group forward without stifling the entrepreneurial spirit that has set Peregrine apart from its competitors.'