Tag: UBS

Whereabouts of Singaporean UBS banker undisclosed

On Tuesday, October 22, Swiss multinational investment bank UBS lifted its travel advisory to China. UBS had previously advised its wealth managers to run travel plans to China through their managers first, before departing for mainland China, in the light of a Singaporean UBS relationship manager being...

GIC refuses to disclose exact losses in UBS investment, S’poreans left speculating

GIC Pte Ltd, formerly known as the Government Investment Corporation Singapore (GIC), announced on 16 May that it was shedding 93 million shares – or 2.4 per cent of its 5.1 per cent stake - of Swiss bank, UBS Group. GIC had purchased the shares...

GIC offloads whopping 93m UBS shares, says it is “disappointed” with loss

“Singapore’s investment vehicle is selling around half of the UBS stake it bought at the height of the financial crisis,” the Financial Times reported on Monday, 15 May. It was referring to the Government of Investment Corporation Singapore, now GIC Pte Ltd, one of two...