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Sovereign Wealth Funds Briefing - Categorized | Market

Alliance Bank: There’s no change in operations

Posted on 06 January 2010

From Thestar.com.my: Amidst intense speculation over the position of Datuk Bridget Lai, group chief executive of Alliance Bank Bhd, the bank issued a statement yesterday to confirm that she had not resigned and that it was business as usual. Lai was headhunted in 2005 by Temasek Holdings Pte Ltd which had bought a 29% stake in Alliance.

“Datuk Bridget Lai has not resigned. There is no change in the bank’s operations and we stress that it is business as usual for our customers, stakeholders and employees,’’ Alliance Bank said in its statement to Bursa Malaysia…………………………………….Full Article: Source

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