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SONG BOH???? PAPER GENERAL DESMOND QUACK JOINING UBS as vice-chairman!

Johnrambo

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Former SMRT Corp’s chief executive Desmond Kuek is joining Swiss investment bank UBS as divisional vice-chairman for global wealth management.


Kuek, who will be based in Singapore, will start work on 18 February, UBS said in a statement on Monday (4 February). He will report to UBS head of ultra-high net worth, Joe Stadler, and UBS Asia-Pacific president, Edmund Koh.


Prior to this, Kuek was President and Chief Executive Officer at SMRT Corp from 2012-2018. Kuek stepped down as CEO last April and was replaced by former Chief of Defence Force Neo Kian Hong.


His tenure at SMRT was marked by several major setbacks such as a tunnel flood that resulted in a 20-hour disruption in train services, a track accident that caused the deaths of two staff members, a train collision that injured 38 people, as well as an increasing frequency of breakdowns.


Before joining SMRT, Kuek served as Permanent Secretary in the Ministry of Environment & Water Resources from 2010 to 2012. He was Singapore’s sixth Chief of Defence Force from 2007 to 2010, Chief of Army from 2003 to 2007, and Director of Joint Intelligence in the Singapore Armed Forces from 2000 to 2003.


He has served on the boards of Housing & Development Board, International Enterprise Singapore, Jurong Town Corporation, Defence Science & Technology Agency, Civil Service College and Singapore Technologies Engineering. He is also founder and Chairman at consultancy firm Genium & Co.


Kuek holds a Master of Arts (Engineering Science) from Oxford University, a Master in Public Administration from Harvard University, and is an alumnus of IMD Switzerland.

More at https://sg.yahoo.com/finance/news/f...-global-wealth-management-team-051355706.html
 
This proves that he really is the real deal and can command an even higher salary in the private sector.
 
A true talent let go will always find success. No jealous hor sinkies! :cool:
 
A true talent wud hve been scouted by the private sector aft his service in the SAF and offered a lucarative salary and not the other way round. KNN, Banking sector every Tom Dick and Sally is a Vice President or Vice CEO.
 
Published May 21, 2017
"In investments as in life, you win some and you lose some.
That was certainly the case for GIC, which said earlier this week that it had pared its stake in Swiss private bank UBS, at what could be a loss of more than US$3.5 billion (S$4.8 billion).GIC did not disclose the loss.
Before the divestment, Singapore's sovereign wealth fund had a 5.1 per cent stake in UBS that it had first acquired for US$9.75 billion in the form of convertible bonds in December 2007 as the sub-prime mortgage crisis was unfolding in the United States"

https://www.straitstimes.com/business/banking/ups-and-downs-of-gics-stake-in-ubs

A 36% loss of US3.5 bn on an investment of US9.75 bn in 10 years -and what happen to the Directors with this great record of long term investments.
I do not have any inside info but you make your own conclusion
 
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