Released on: September 17, 2007, 7:29 am

Press Release Author: net24news

Industry: Financial

Press Release Summary: Mr. Beck leaves his post as Head of Development - China.

Press Release Body: 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.

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.


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