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Holder GIC: UBS Long-Term Investment; Confident Of Prospects

BASEL -(Dow Jones)- Government of Singapore Investment Corp. or GIC, said Friday it plans to remain a long-term shareholder of UBS (UBS), and is confident of the Swiss bank's outlook after meeting this week with chairman Kaspar Villiger. "We have confidence in the prospects of the bank under the leadership of chairman Kaspar Villiger and Chief Executive Oswald Gruebel," sovereign wealth fund GIC deputy chairman Tony Tan told Dow Jones Newswires on the sidelines of The International Organization of Securities Commissions, or IOSCO. -By Katharina Bart, Dow Jones Newswires; +41 43 443 8043;

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