03 Aug '11, 9pm

Presidential hopeful Tan Jee Say files press statement on his eligibility: LATEST NEWS: The Prime Minister has i...

8. As CEO, I was responsible for all aspects of AIB Govett’s operations and a key role was administering and managing the Company’s financial affairs that encompassed both revenue and cost – that is, revenue generated from managing investments and costs arising from staff salaries, office rental, and other overheads. It was a challenging role particularly during the Asian financial crisis of 1997. During this period, in spite of the overall unfavourable economic climate, AIB Govett expanded its operations in Singapore significantly, growing from an investment team of about 7 employees to a full-fledged fund management operation with over 20 employees. The expansion resulted in a substantial increase in costs amidst falling revenue from adverse market conditions. Profitability was adversely affected but we remained financially stable. AIB Govett undertook the expansion desp...

Full article: http://www.sgpolitics.net/?p=7005

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