In February 2011, we announced New Horizons III, our 5-year strategy for 2011 to 2015. This strategy continues the board direction and builds on the successes of our New Horizons I (2003 to 2005) and New Horizons II (2006 to 2010) strategies.
Under New Horizons, we transformed and integrated our Malaysia operations, and expanded our regional network through strategic investments in Indonesia and China.
Under New Horizons II, we improved our market position in Singapore and Malaysia, and strengthened our presence in Indonesia and China. We also expanded our wealth management franchise accross multiple product and distribution platforms and customer segments.
The New Horizons III strategy focuses on the following key elements: