Global Investments appoints Temasek unit as manager
November 26th, 2009 | 
Author: Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.
The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.
Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more
Posted in Singapore Financial News | 
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