The China Fund, Inc. Announces Appointment of a New Director
NEW YORK, September 21, 2015—The China Fund, Inc. (NYSE: CHN) (the “Fund”) announced today that its Board of Directors (the “Board”) has appointed Linda C. Coughlin as a Class III Director of the Fund, effective September 17, 2015. Ms. Coughlin is President and Founder of Great Circle Associates, a management consulting practice specializing in business, organization and communications strategy and implementation and executive coaching.
Ms. Coughlin is a seasoned mutual fund executive with domestic and international expertise. She was chair of the boards of three families of funds and President of the Americas Mutual Funds Group at Scudder Investments, responsible for the four North American based retail businesses including three families of open and closed end mutual funds, the Americas offshore mutual funds group and the firm’s defined contribution business. These businesses comprised 50% of the firm’s net income with combined assets under management of more than $100 billion. She also had responsibility for the fund accounting operations.
Ms. Coughlin is a member of The New York Economic Club, The Women’s Policy Group at The Council on Foreign Relations and a member of The Committee of 200, an invitation only membership organization made up of the world's most successful women entrepreneurs and corporate innovators.
The Fund's Chairman, Joe Rogers, noted that "Lin will be a valuable addition to our Board, with her extensive experience in the US asset management industry and corporate governance expertise."
The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investment in the equity securities of companies engaged in a substantial amount of business in the People’s Republic of China. The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN."
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This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.
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