Jan 28 (Reuters) - The Government of Singapore Investment Corp (GIC) turned down an offer of a seat on the board of UBS AG (UBSN.VX) to assuage concerns the city-state might take control of the Swiss bank, local media reported on Monday, quoting GIC Deputy Chairman Tony Tan.
"As a financial investor, investing not only in UBS but also in other banks, and in the light of our intention to clearly not seek any control of UBS, ... we will not be taking up the seat on the board," the Business Times newspaper quoted Tan as saying. Full story
