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A word or phrase meaning "training and financing him to become"?
The only thing I can think of is "build someone up into", but I am not sure it has exactly the intended meaning.
The company built him up to be a very good CEO.
The company trained and financed him up to be a very good CEO.
the verb 'foster' comes to mind, especially if there was a lot of work going into it. A more financially-connotated word you might consider would be 'sponsored'.
That being said, I think your original usage is also fine.
