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Ang Moh Takes Makes DBAss Pay for Medical Bill!

makapaaa

Alfrescian (Inf)
Asset
Surely, a proper pre-employment medical checkup would have revealed his condition. It's obviously not done as he's hired on some Old Fart's directive and he's of course glad to make Sporns pay for his hefty medical bill!

News Release​
…DBS/ CEO announcement Page 1 of 3 DBS Bank Ltd
6 Shenton Way
DBS Building Tower One
Singapore 068809
Tel: 65.6878 8888​
Co. Reg. No.
199901152M​
Ref No. 04/2009​
DBS CEO RICHARD STANLEY DIAGNOSED WITH LEUKEMIA; BEGINS
TREATMENT IMMEDIATELY
***​
Strong management team in place to ensure continuity​
SINGAPORE, 29 January 2009 – DBS Group Holdings announced today that
Chief Executive Officer (CEO) Richard Stanley has been diagnosed with acute
myelogenous leukemia and will be commencing medical treatment in Singapore
immediately.
Stanley's prognosis comes very suddenly; he was busy at work till last Friday. He
sought treatment for what appeared to be ordinary flu-like symptoms on Monday, 26
January 2009, after experiencing a cough and high fever during the Lunar New Year
weekend. Stanley was warded the following day and his medical condition was
confirmed this morning.
Prior to joining DBS in May 2008, Stanley was certified with a clean bill of health.
More recently, in January this year, he and Chief Financial Officer Chng Sok Hui
completed a series of investor meetings in Singapore, Hong Kong, U.S and Europe, in
connection with DBS' SGD 4 billion rights issue.​
News Release​
…DBS/ CEO announcement Page 2 of 3 DBS Bank Ltd
6 Shenton Way
DBS Building Tower One
Singapore 068809
Tel: 65.6878 8888​
Co. Reg. No.
199901152M​
Medical diagnosis confirmed that his form of leukemia is treatable and full
remission is possible. Stanley is expected to take a leave of absence from the bank of
about three to six months as he undergoes medical treatment.
While Stanley is away from work, with immediate effect, Chairman Koh Boon
Hwee will work closely with the Management Committee and assume an active
management oversight role. This is to ensure continued strong leadership. Koh is not
new to this role as he previously acted in a similar capacity, having taken on an active
management oversight role at DBS from September 2007 to April 2008, prior to
Stanley's appointment as CEO.
The subscription period for DBS’ rights issue recently closed on 20 January
2009, 118.8% subscribed. As scheduled, the rights shares will be issued and credited to
shareholders this Friday, 30 January 2009, and will be listed on the Singapore Exchange
on Monday, 2 February 2009. Full disclosure of the latest turn of events has been made
to the underwriters of the rights issue (Citigroup, Goldman Sachs, J.P. Morgan, Morgan
Stanley and UBS).
Said Koh: "The Board and management are shocked by the sudden news of
Richard's medical condition. My colleagues and I look forward to the day when his
condition is in remission and he returns to work at DBS. Our thoughts are with Richard
and his family and we wish him a speedy recovery."
Added Koh, "The strategic directions set by the Board remain in place and we
have a strong leadership team to take the bank forward. Despite the challenging
economic outlook, all of us at DBS are determined to walk alongside our customers,
employees and investors."​
News Release​
…DBS/ CEO announcement Page 3 of 3 DBS Bank Ltd
6 Shenton Way
DBS Building Tower One
Singapore 068809
Tel: 65.6878 8888​
Co. Reg. No.
199901152M​
About DBS​
DBS is one of the largest financial services groups in Asia with operations in 16 markets.
Headquartered in Singapore, DBS is the largest bank in the country as measured by
assets, and a leading bank in Hong Kong. DBS' "AA-" and "Aa1" credit ratings are
among the highest in the Asia-Pacific region.
As a bank that specialises in Asia, DBS leverages its deep understanding of the region,
local culture and insights to serve and build lasting relationships with its clients. DBS
provides the full range of services in corporate, SME, consumer and wholesale banking
activities across Asia and the Middle East. The bank is committed to expand its pan-Asia
franchise by leveraging its growing presence in mainland China, Hong Kong and Taiwan
to intermediate the increasing trade and investment flows between these markets.
Likewise, DBS is focused on extending its end-to-end services to facilitate capital within
fast-growing countries in Indonesia and India.
DBS acknowledges the passion, commitment and can-do spirit in each of its 15,000
staff, representing over 30 nationalities. For more information, please visit
www.dbs.com.
[End]​
For more information, contact:
Karen Ngui
Group Strategic Marketing and Communications
DBS Bank
Email: [email protected]
Tel: (65) 6878 3008
Fax: (65) 6222 4478
Mobile: (65) 9030 8080
Edna Koh
Group Strategic Marketing and Communications
DBS Bank
Email: [email protected]
Tel: (65) 6878 8134
Fax: (65) 6222 4478​
Mobile: (65) 9753 0117
 
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