Ex-Merrill banker heads China nuclear fund -sources

Mon Jul 6, 2009 2:20am EDT
 
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HONG KONG, July 6 (Reuters) - Wilson Feng, a former senior banker for Merrill Lynch, has become a top boss of China's newly established $1.46 billion nuclear investment fund, two sources briefed on Feng's new job said on Monday.

In April state-owned Guangdong Nuclear Power Group announced the establishment of the 10 billion yuan ($1.46 billion) China Nuclear Power and New Energy Industry Investment Fund -- the first such specialist fund approved by the cabinet.

Feng, former head of China investment banking for Merrill Lynch, now part of the combined Bank of America-Merrill Lynch (BAC.N), has been officially appointed as general manager of the fund, said the sources who declined to be identified due to the sensitive nature of the matter.

($1=6.831 Yuan) (Reporting by George Chen; Editing by Jonathan Hopfner)

 

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