LUXEMBOURG & SINGAPORE, May 13 (Bernama-BUSINESS WIRE) -- Banque
Internationale á Luxembourg SA (BIL) today announced that it will close
its operations in Singapore for strategic reasons. The closure of the
Singapore subsidiary is in line with BIL group’s new strategic
framework called BIL2020, which was recently presented.
Despite the potential that Asia represents in terms of private banking markets, this decision was adopted after reviewing BIL group’s international presence in light of the new strategic framework and after completion of necessary procedures and internal communication to impacted staff.
For the full text; http://mrem.bernama.com/viewsm.php?idm=24425
Despite the potential that Asia represents in terms of private banking markets, this decision was adopted after reviewing BIL group’s international presence in light of the new strategic framework and after completion of necessary procedures and internal communication to impacted staff.
For the full text; http://mrem.bernama.com/viewsm.php?idm=24425
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