Deals

Victor Chu, Chairman, First Eastern Investment

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November 5, 2007 at 5:00 AM UTC

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By Maria Bartiromo

In mid-September, panicked Britons pulled billions out of Northern Rock after it acknowledged it was caught in a global credit squeeze. Now a consortium led by Sir Richard Branson of Virgin is bidding for the troubled bank. Among the consortium's investors are canny American turnaround specialist Wilbur Ross and insurance giant AIG. One of the consortium's other investors is Victor Chu of First Eastern Investment Group. While he may not have the rock-star status of Branson, the rep of Ross, or the deep pockets of AIG, Chu is a major player in Hong Kong and a sharp observer of global trends. We talked on Oct. 22.