Fri, Feb 27, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

UBS says Australia should start wealth fund as debt crisis fallout spreads

Posted on 20 September 2011

Matthew GroundsAustralia, the world’s biggest iron ore and coal exporter, can’t escape fallout from economic stagnation in the U.S. and Europe and should be saving more for leaner times, UBS AG (UBSN)’s top banker in the nation said.
“It would be silly to think that none of this is going to have an impact on us — it will,” Matthew Grounds, 42, chief executive officer of UBS’s Australian business, said in an interview on Sept. 14, before the bank disclosed a $2.3 billion unauthorized trading loss in London. “That’s got to impact China and that’s got to impact Australia.”………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 15806 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
M T W T F S S
« Jan    
 1
2345678
9101112131415
16171819202122
232425262728