AIA’s chief executive has told friends and industry executives that he would quit if the UK’s Prudential succeeded in its US$35.5bn takeover of the Asian businesses of AIG.
Mark Wilson has said he would step down once the deal closed because the proposed combination of the two Asian businesses was “unworkable”. (Financial Times)
In of the biggest hiring drives by a single employer here in years, Standard Chartered Bank yesterday announced plans to employ 2,000 more staff in Singapore by 2012. (Asia One)
State investment company Temasek Holdings said Monday that it has appointed Hsieh Fu Hua as its president and executive director and people familiar with the situation said he will spearhead a search for a successor to current Chief Executive Ho Ching. (Wall Street Journal)
ANZ will expand its wealth management services in Japan with the opening of a new sub-branch in Nagoya. (The Australian)