Singapore business not for sale, says AXA's new local boss
Group's global CEO had earlier said Singapore operations were too small or offered little scope for growth
Singapore
FRENCH insurer AXA's Singapore operations are not for sale, says its newly installed chief executive Jean Drouffe, even as the company's C-suite had set the wheels of change in motion.
His remarks come after global CEO Thomas Buberl in November said Singapore, along with 25 other markets have been earmarked as operations that are too small or with too little scope for growth.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
ADB agrees to US$5 billion funds replenishment with donors
Dollar drops as employers add fewer jobs than expected in April
HSBC has no plans to dispose of further businesses, chairman says
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Danske’s net income rises 9% helped by higher interest rates