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Home > News > JPMorgan names Russia reformer Chubais to board

September 25th, 2008

JPMorgan names Russia reformer Chubais to board

Abstract:
Global banking giant JPMorgan Chase & Co has named Russian economic reformer Anatoly Chubais, one of the least popular figures among the Russian public, to its international advisory board, it said on Friday.

He will be the first Russian ever to join the exclusive group of consultants to the bank, sitting alongside former U.S. Secretary of State Henry Kissinger and Xi-Qing Gao, the chief executive of China's $200 billion sovereign

wealth fund.

Chubais is the head of Russia's cash-rich and state-owned nanotechnology firm, Rosnanotech, one of several firms created last year to jump-start investment in non-energy sectors.

President Dmitry Medvedev appointed him on Monday to lead the company, which has received $5.1 billion of budget funds.

Source:
hemscott.com

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