Posts Tagged ‘flagging fortunes’
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 | 
Tags: amp, asset, australian investment, Babcock, Bank, bid, Brown, cent, company, crisis, financial crisis, firm, flagging fortunes, independent directors, Investment, investment bank, liquidat, management, manager, move, shareholder, st asset management, stake, Temasek, Unit, victim | 
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