13th Jan 2008
ZURICH, Jan 13 (Reuters) - The Government of Singapore Investment Corporation (GIC), which is to invest 11 billion Swiss francs ($9.97 billion) in UBS, was quoted as saying it has no intention of influencing the running of the Swiss bank.
"GIC pursues, as a financial investor, exclusively commercial objectives. We have no plan to control the UBS business," GIC's Managing Director Lim Siong Guan told Swiss newspaper Neue Zuercher Zeitung in an interview.
