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Mehta Leaves China Construction Bank to Start Investment Fund

Feb. 29 (Bloomberg) -- Mickey Mehta, the assistant general manager and head of corporate banking and structured finance at China Construction Bank Corp.’s Hong Kong unit, said he has left the lender to start a private equity firm.

Mehta, who was also a managing director of China Construction Bank International Finance Ltd., the bank’s funding arm, said he is no longer working at the lender when contacted on his mobile phone in Hong Kong today.

Willa Wong, head of corporate communications in Hong Kong for China Construction Bank (Asia), said media inquiries for the Hong Kong unit are handled by Ketchum Inc., a global public relations firm with offices in the city.

Two telephone calls and an e-mail to Angela Hui, at Ketchum in Hong Kong, requesting comment on Mehta’s departure weren’t immediately returned.

Mehta said he planned to visit the U.S. before returning to Hong Kong to establish a private equity firm which he expects to open in April. One of the firm’s funds, to be called CCB Topgun Fund 1, will invest in media, real estate and telecommunications assets, he said.

About $25 million has been raised from private investors and Mehta said he’s seeking a further $75 million. He declined to reveal the private equity firm’s name, as that hasn’t yet been determined.

To contact the reporter on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

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