Overworked HSBC Vice President drowned in Singapore River

[makapaaa]

NEWS: HSBC Vice President drowned in Singapore River

HSBC Vice President drowned in Singapore River

5 July 2012

A vice president of HSBC Singapore was found dead in the Singapore River according to a report by Shin Min Daily.

The incident happened at around 3.30am on 2 July at the Boat Quay area. Thomas Ang, a 39 year-old VP of HSBC Singapore is believed to have drowned in the Singapore River. His body was found near Fullerton Hotel.

According to one of his relatives, Mr Ang worked from the night of 2 July into early hours of the next morning. It is uncertain how he fell into the River, but his relative said there was a witness at the scene who saw him struggling in the water. However, before the person could reach out to help, Mr Ang was washed away.

Mr Ang reportedly worked very long hours. When his colleagues arrived at his office the morning after the incident, they found his documents opened on his desk, suggesting that he was working right up to the time he drowned.

Mr Ang is survived by his wife and two primary school-aged children. His body was cremated at 3.45pm on 4 July.​

 

[eErotica69]

The should fire the Management of HSBC!

 

[wuqi256]

RIP. He is a close buddy of my friend and we recently just got to know each other.
Life is really fragile, this is again a reminder to cherish all those around us.

http://youtu.be/i1GmxMTwUgs

 

[soIsee]

Well one thing for sure, he definitely listened and obey every word spoken by LKY that one cannot retire but MUST keep on working! LOL

 

[king_of_abalone]

Well one thing for sure, he definitely listened and obey every word spoken by LKY that one cannot retire but MUST keep on working! LOL

He was 39 year old only. What retire?

He was probably trying his best to make ends meet, with a family that depended on him as sole breadwinner. Don't think he committed suicide, probably tripped and fell in, hit his head and lost consciousness. Or got into a shoving argument with some drunk ang mo and fell in. Ang mo on a plane home liao.

 

[Cruxx]

Well one thing for sure, he definitely listened and obey every word spoken by LKY that one cannot retire but MUST keep on working! LOL

Kuan Yew is a joke. He probably thinks the Forbes list is dominated by Chinamen who work 16 hrs a day, 6 days a week.

 

[Cruxx]

He was 39 year old only. What retire?

He was probably trying his best to make ends meet, with a family that depended on him as sole breadwinner. Don't think he committed suicide, probably tripped and fell in, hit his head and lost consciousness. Or got into a shoving argument with some drunk ang mo and fell in. Ang mo on a plane home liao.

I'm more concerned with whom he voted for.

 

[king_of_abalone]

Kuan Yew is a joke. He probably thinks the Forbes list is dominated by Chinamen who work 16 hrs a day, 6 days a week.

He is not far from the truth. The Forbes list is dominated by white men who pay chinamen to work 16 hrs a day 6 days a week.

 

[Nik1971]

He was 39 year old only. What retire?

He was probably trying his best to make ends meet, with a family that depended on him as sole breadwinner. Don't think he committed suicide, probably tripped and fell in, hit his head and lost consciousness. Or got into a shoving argument with some drunk ang mo and fell in. Ang mo on a plane home liao.

He died on 3 July, cremated on 4 July. A bit strange leh. And the way the papers put the cremation, a bit of a suspect. In any case, my deepest condolences to the young family and may he RIP.

 

[king_of_abalone]

I'm more concerned with whom he voted for.

You'd be surprised at the number of singaporean bankers working for global banks in raffles place who are vehemently against the PAP and who voiced their support for the opposition in 2011. These people are the ones seeing first hand, entire departments (both front and back office) of singaporeans leaving and FTs taking their places.

But only god knew who they really voted for.

 

[Cruxx]

You'd be surprised at the number of singaporean bankers working for global banks in raffles place who are vehemently against the PAP and who voiced their support for the opposition in 2011. These people are the ones seeing first hand, entire departments (both front and back office) of singaporeans leaving and FTs taking their places.

But only god knew who they really voted for.

No, not surprised at all. Bankers are not the smartest people around but surely they can't be that dumb as to vote for a group of useless parasites to manage the economy? Lim Wicked can talk about the dignity of high pay for all he wants. I doubt any self-respecting investment banker would respect the asinine views of people like him and Chan Chun Sing no matter how high their pay is.

 

[laksaboy]

The should fire the Management of HSBC!

No way that's going to happen. In 2007, May Leong, an employee of HP, worked to death in her office, and dropped dead at her desk.

Not a single fuck was given by HP.

http://www.larrylim.net/seo-online-marketing/rat-race-ends-for-may-leong-at-hp/41/

See what happens when you don't have real unions who will fight for your rights, and guard you against predatory exploitation from your employers? You, the employee, will get screwed over one way or another. Doesn't matter which industry you're in or how much money you make. You will be screwed.

Karoshi is very real. Don't work so hard.

Thank this NTUC CUNT for it:

 

[chorut]

If they check the river PROPERLY, they'll recover his mobile phone.
Confirmed.

 

[Muthukali]

Ok now we really have Ang mo kiew inside sg river. RIP.

 

[myfoot123]

I have a brief stint in HSBC during my early years, the organisation took care of their staff well and the company used to have work-life balance culture. In the past many of their staff worked for nearly 20 years and after major restructuring I am not sure about their current management style. Being a VP there is certain level of freedom unless he was dealing with project of top nasty clients or he probably created his own stress to prove something? However, the drowning could just be an accident or was he having cold war with wifey and prefer to stay in office to work his butt out but eventually decided to end his life over sour relationship at home? So many mysteries.

 

[moolightaffairs]

heard from a friend from HSBC, they sold a lot of their business away globally and left only some banking business. down size a lot.

 

[Rogue Trader]

He died on 3 July, cremated on 4 July. A bit strange leh. And the way the papers put the cremation, a bit of a suspect. In any case, my deepest condolences to the young family and may he RIP.

Drowning victims usually get cremated quickly because the bodies decompose faster.

RIP

 

[cocobobo]

guess the guy had to fill in for those empty desks

Re: Hsbc firings

01 May 2012

HSBC chopping away the deadwood from all over Asia

Over the last two days, HSBC India has undertaken a massive layoff exercise showing the door to as many as 200 employees ranging from assistant manager to vice presidents from its centres in Hyderabad alone.

The axe has fallen on over 350 employees at HSBC's Pune centres. It is estimated that a total of 750 employees have been asked to leave across locations and designations. So from assistant managers to vice presidents have been summoned to the meeting room in the last two days, asked to choose between termination or resignation, pack their bags and leave. Every couple of hours, employees were escorted out of the building by guards after quick meetings with the human resource department.

No time was given to bid goodbyes to friends and colleagues. They were later packed off in cabs after their access cards were taken. A manager who was asked to leave said, "I was asked to log off from my computer and leave in ten minutes. Even those who have done well were asked to leave."

An "adequate" compensation (one month's salary for each year spent in the company plus three months salary) has been part of the layoff deal. While the new entrants into the international bank are crying hoarse, the senior ones are taking solace in the cash with some having made Rs 8-15 lakh.

Sources said that most lower level employees heaved a sigh of relief as they were spared while many from the middle and high level management were given the boot. However, the last two days saw the bank taking precautionary measures including closing its balconies to possibly avert any aggressive reactions to the layoff.

Vijay Kumar (name changed), a manager in HSBC India, was enjoying his morning coffee in the cafeteria when within minutes he saw himself signing his resignation letter stating that he was leaving the organisation on personal grounds. Employees have been sacked from the two HSBC global service centres and its invest direct and commercial banking and software development departments in Hyderabad.

Even the bank's corporate communications team was trimmed from five employees to just one. The company refused to divulge numbers.

Sources said that restructuring of the company was in the offing since mid-2011 and that employees have been on tenterhooks ever since. Videos had been posted on the intranet to create awareness that some could lose their jobs soon.

"Project Nemo, a de-layering exercise was initiated at a global level to remove people across levels because of which assistant managers, managers, vice-presidents and even presidents who had put in years of loyal service were asked to leave. Around 10% of staff has been laid off," claimed a source.

Sources said that the project was started to improve organizational efficiency and cost cutting. Further, a target saving of $1 billion was sought and the corporation was aiming at spending between 48 cents and 52 cents against the current 61 cents for earning a dollar.

Rajesh Joshi, HSBC spokesperson, declined to comment on the sackings but said that India is a key market and that HSBC would continue to invest here.

"The HSBC Group is going through a global programme that is aimed at improving efficiency, increasing our revenue capability and ensuring our long-term, sustainable growth. HSBC India, as part of the group, will also be implementing this global programme.
"We are not going to comment on rumours and speculation about our people," he said, adding if the staff are impacted, HSBC would make every effort to support them through redeployment, counselling, in-placement and out-placement services.

 

[Kinana]

Walsh you fellas use the sad death of this man to spew harnessing the govt. You don't care about the man or his family n feelings at all. Shame on you

 

[BuiKia]

Their bosses are probably Ang Mo and were drinking during the time of their death.