SNB opens first office outside Switzerland

Swiss National Bank (SNB) opens its first office outside Switzerland!

As Asia Pacific region is gaining prominence in both global economy and finance areas, the currencies and assets become more important as well. This trend can be seen from the change in SNB’s foreign exchange investments.

Commented by MAS Managing Director Ravi Menon, and Chairman of SNB governing board Thomas J Jordan, the opening of SNB’s Singapore branch is significant as this reflects  the importance of Asian markets to long-term investors.

 

Summarised from source:

http://www.businesstimes.com.sg/breaking-news/singapore/opening-snbs-singapore-branch-signals-importance-asian-market-mas-20130711

http://www.businesstimes.com.sg/premium/top-stories/spore-branch-helps-snb-better-manage-reserves-20130712

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