source- channel newsasia
The chief executive of Singapore's DBS Bank Richard Stanley has died. He was 48.
Mr Stanley was diagnosed with diagnosed with acute myelogenous leukaemia, a cancer of the blood and bone marrow, in late January and had been responding well to treatment.
But, in a late night statement on Friday, DBS said Mr Stanley's condition took a sudden turn for the worse.
It said Mr Stanley's condition deteriorated rapidly in the last 24 hours.
eariler report of his deteriorating
The medical condition of the CEO of Singapore's DBS Bank, Mr Richard Stanley, has taken a sudden turn for the worse.
A statement from the bank on Friday said Mr Stanley's condition has deteriorated rapidly in the last 24 hours and he is now in critical care.
Mr Stanley was diagnosed with leukaemia in late January and had been responding well to treatment.
After two rounds of chemotherapy, earlier this week, his doctors believed his cancer was in remission.
Unfortunately, the statement added, the unpredictability of the disease has led to severe complications due to infection.
Mr Stanley had taken a leave of absence for 3-6 months since he was diagnosed with acute myelogenous leukaemia, a cancer of the blood and bone marrow.
During the Lunar New Year earlier this year, Mr Stanley had sought treatment for what appeared to be ordinary flu-like symptoms after experiencing a cough and high fever.
According to doctors, this type of cancer can affect people across all age groups.
Symptoms of the disease include tiredness, bone pains, fever and bruising.
During Mr Stanley's absence, his duties at DBS are being covered by the bank's chairman Koh Boon Hwee.
Mr Koh had acted in a similar capacity previously when he took on an active management oversight role in DBS from September 2007 to April 2008, prior to Mr Stanley's appointment.
At the company's annual and extraordinary general meeting on April 7, Mr Koh had told shareholders that Mr Stanley was on track to return to work.
He had also said that Mr Stanley's absence would not affect DBS' business and that strategic decisions were still being made daily.
Some analysts told Channel NewsAsia they agree with the view that the lender's business continuity will not be affected.
They said DBS' strong management structure will help the bank tide over the current crisis.
In Thursday trade, DBS shares ended up 4.8 per cent at S$8.91, tracking the broad gains in Asian markets
some cancer is indeed deadly and incurable.
will interest rate drop?
RIP.
In the end, all of us have to go, just a matter of sooner or later, may God bless him in his arm, on my knees as an Angel's prayed.
look like my curse work
His son served NS? Respect...