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Upon resigning as CEO of SMRT last year, Mr Quack opened a consultancy firm called Genium with two of his ex-SAF friends.
Genium was not doing well. It could not break even and Mr Quack had to find another way to feed his family. (By the way, that Genium was not profitable from Day 1 is evidence that our scholars (academic elite) and armchair army generals cannot survive in the real private sector. They need handholding and handouts from their political masters.)
With help from Penang Cow, he got an audience with the ruler of Sinkieland. During the meeting, Mr Quack volunteered to have his wife to be the nominal CEO of one of Pinky's overseas trust funds. In return, Chief Natural Aristocrat would bestow a highly-paid position on Mr Quack. It is a win-win strategy for both men. Empress Ho thinks it is a good arrangement.
On February 18, 2019 Mr Quack joined UBS as divisional vice-chairman for global wealth management. Pinky is well aware that Mr Quack has no relevant skills or experience in the financial industry.
What does the above tell you about the ruler of Sinkieland?
Former SMRT CEO Desmond Kuek to join UBS global wealth management
Vivienne Tay
4 February 2019
Business Times
Former SMRT CEO Desmond Quek will take on the role of divisional vice chairman for global wealth management at UBS from Feb 18, 2019.
Private Bank UBS has appointed former SMRT Corp chief executive Desmond Kuek as divisional vice chairman for global wealth management, effective Feb 18, 2019.
Mr Kuek will be based in Singapore, reporting to Joe Stadler, head of ultra high net worth, and Edmund Koh, president of UBS APAC.
Mr Kuek was previously president and group CEO of SMRT, stepping down from that role in April 2018.
Before SMRT, he was Permanent Secretary at Singapore's Ministry of Environment and Water Resources (MEWR) and also Chief of Army and Chief of Defence Force at the Singapore Armed Forces. He also served on the boards of Singapore Technologies Engineering and its subsidiaries, Defence Science and Technology Agency; and on the boards of the Housing and Development Board, Jurong Town Corp, International Enterprise Singapore and the Civil Service College.
In a statement, UBS said Mr Kuek’s experience as an executive, government official and board member will be of great value in strengthening its relationships with existing clients, forging new ones and growing the business across Asia Pacific.
"Desmond is a great intellect and strategic thinker. He is tenacious; always calm under pressure and not afraid to take on the toughest challenges with commitment and perseverance. His rich and diverse range of experiences driving complex businesses through innovation and transformation will serve UBS well into its next chapter. I am very happy to welcome him as a colleague,” Mr Koh said.
Source: https://www.businesstimes.com.sg/ba...ond-kuek-to-join-ubs-global-wealth-management
Genium was not doing well. It could not break even and Mr Quack had to find another way to feed his family. (By the way, that Genium was not profitable from Day 1 is evidence that our scholars (academic elite) and armchair army generals cannot survive in the real private sector. They need handholding and handouts from their political masters.)
With help from Penang Cow, he got an audience with the ruler of Sinkieland. During the meeting, Mr Quack volunteered to have his wife to be the nominal CEO of one of Pinky's overseas trust funds. In return, Chief Natural Aristocrat would bestow a highly-paid position on Mr Quack. It is a win-win strategy for both men. Empress Ho thinks it is a good arrangement.
On February 18, 2019 Mr Quack joined UBS as divisional vice-chairman for global wealth management. Pinky is well aware that Mr Quack has no relevant skills or experience in the financial industry.
What does the above tell you about the ruler of Sinkieland?
Former SMRT CEO Desmond Kuek to join UBS global wealth management
Vivienne Tay
4 February 2019
Business Times
Former SMRT CEO Desmond Quek will take on the role of divisional vice chairman for global wealth management at UBS from Feb 18, 2019.
Private Bank UBS has appointed former SMRT Corp chief executive Desmond Kuek as divisional vice chairman for global wealth management, effective Feb 18, 2019.
Mr Kuek will be based in Singapore, reporting to Joe Stadler, head of ultra high net worth, and Edmund Koh, president of UBS APAC.
Mr Kuek was previously president and group CEO of SMRT, stepping down from that role in April 2018.
Before SMRT, he was Permanent Secretary at Singapore's Ministry of Environment and Water Resources (MEWR) and also Chief of Army and Chief of Defence Force at the Singapore Armed Forces. He also served on the boards of Singapore Technologies Engineering and its subsidiaries, Defence Science and Technology Agency; and on the boards of the Housing and Development Board, Jurong Town Corp, International Enterprise Singapore and the Civil Service College.
In a statement, UBS said Mr Kuek’s experience as an executive, government official and board member will be of great value in strengthening its relationships with existing clients, forging new ones and growing the business across Asia Pacific.
"Desmond is a great intellect and strategic thinker. He is tenacious; always calm under pressure and not afraid to take on the toughest challenges with commitment and perseverance. His rich and diverse range of experiences driving complex businesses through innovation and transformation will serve UBS well into its next chapter. I am very happy to welcome him as a colleague,” Mr Koh said.
Source: https://www.businesstimes.com.sg/ba...ond-kuek-to-join-ubs-global-wealth-management