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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Peugeot’s Michel said to be picked by Sarkozy for SWF

Posted on 19 December 2008

From Bloomberg: Gilles Michel, a member of the management committee of PSA Peugeot Citroen, was picked by French President Nicolas Sarkozy to head the country’s 20 billion-euro ($29 billion) sovereign wealth fund, three people with direct knowledge of the matter said.

Sarkozy chose Michel, 52, from two nominees put to him by the fund’s board, which may vote on the appointment tomorrow, said the people, who requested anonymity because the information isn’t public….. Full Article: Source


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