Artemis Financial chief executives are relocating one of their most trusted lieutenants, Charles Beck back to Budapest to head up its fast-growing European operations, a further indication of financial institutional shift towards European markets.
Mr. Beck leaves his post as Head of Development – China.
Although still to be confirmed, rumors emanating from Artemis Financial are that its Private Equity arm is to commit approximately €100 million to two Chinese limited companies. It is believed that both companies have their foundations in the bio-fuels sector.
These rumors are circulating at perhaps an untimely moment for Artemis Financial who is recently reported to have beckoned Charles Beck, head of Development for China, back to Budapest to manage their rapidly expanding European operations office.
We contacted Artemis Financial for further clarification, however they have declined to comment, but did state that China was an expanding marketplace that any serious financial entity would be foolish to ignore.
