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Sovereign Wealth Funds Briefing - Categorized | Market, People

GIC supported outgoing UBS chief executive: Report

Posted on 26 September 2011

The Government of Singapore Investment Corp (GIC), the biggest shareholder in embattled UBS, repeatedly expressed its support for outgoing chief executive Oswald Gruebel, according to a Swiss newspaper report.
Mr Gruebel, 67, quit on Saturday after taking responsibility for a scandal that saw a rogue trader lose US$2.3 billion (S$3 billion)……………………………………….Full Article: Source

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