Top CICC exec said to exit for China sovereign fund due to brother's regulator role

Top CICC exec said to exit for China sovereign fund due to brother's regulator role

FILE PHOTO: The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. REUTERS/Bobby Yip

A top executive at China International Capital Corp (CICC) is set to join Chinese sovereign wealth fund CIC after exiting the investment bank to avoid a potential conflict of interest given his brother now heads China’s securities regulator, six sources said.