Alphabet plans sale, spinoff of Verily unit, executive says

Alphabet plans sale, spinoff of Verily unit, executive says

The Justice Department has asked the judge to force the company to sell its advertising exchange [WASHINGTON] Alphabet has been working for the past two years to technologically decouple its life sciences unit Verily so that it can be sold or spun off, a senior executive testified on Thursday (Oct 2). Heather Adkins, Google’s vice-president…

Read More

New clients will drive ESG revival: UBS wealth executive

New clients will drive ESG revival: UBS wealth executive

[SINGAPORE] A new wave of investors and private banking clients are increasingly demanding sustainable solutions for their portfolios, according to a UBS Group executive. It’s “a much bigger topic with the second generation but also female investors,” Adrian Zuercher, co-head of global asset allocation and co-head of global investment management Apac at UBS Chief Investment…

Read More

SingPost appoints Mark Chong as group chief executive officer

SingPost appoints Mark Chong as group chief executive officer

Currently group chief corporate officer at Singtel, Chong will begin his new role in November  [SINGAPORE] Singapore Post (SingPost) has appointed Mark Chong as its group chief executive officer, effective Nov 1, the company said in a bourse filing on Thursday (Sep 25). Teo Swee Lian, chairman of the board, said: “We are pleased to…

Read More

Fraser and Neave appoints Rahul Colaco as chief executive officer

Fraser and Neave appoints Rahul Colaco as chief executive officer

[SINGAPORE] Beverage manufacturer Fraser and Neave (F&N) has appointed Rahul Colaco as its new chief executive officer, effective Oct 1. He succeeds Hui Choon Kit, the current chief executive officer, who will retire and step down from the post on Sep 30, although he will remain with the group until Jan 31, 2026, to “ensure…

Read More