No Thanks: GIC Shuns UBS Board Seat
Posted on 01/28/2008
The Government of Singapore Investment Corporation (GIC) decided to not take a board seat on UBS Group AG. The Singapore sovereign wealth fund wanted to assure the European public that Singapore is not taking over the Swiss financial institution giant. Sovereign wealth funds are still cautious on exercising their board rights as prominent shareholders due […]
- Banks
- Citigroup
- Government of Singapore Investment Corporation
- Policy
- Singapore
- Subprime
- Switzerland
- Tony Tan
- UBS
