March 25, 2010
By China Bureau
SHANGHAI (MarketWatch) -- Fred Hu, an investment banker with Goldman Sachs Group Inc. /quotes/comstock/13*!gs/quotes/nls/gs (GS 172.87, -2.03, -1.16%) is likely to take up a senior post at China's central bank after formally stepping down from the Wall Street firm in April, the state-run China Daily said Friday, citing people familiar with the matter.
Hu, Goldman Sachs' Greater China chairman, is seen as the right candidate for the post of vice-governor of the People's Bank of China, the paper said, without citing sources.
Policy makers are also evaluating Hu as a candidate for a crucial position at one of the country's state-run lenders, the paper cited the sources as saying.
Hu's appointment is still under final review by top policy makers, and a decision will be made in the next few months, the sources said, according to the report