DBS CEO Richard Stanley dies from leukaemia • Medical condition of DBS CEO Richard Stanley deteriorates
SINGAPORE: The chief executive of Singapore's DBS Bank Richard Stanley has died.
He was 48.
Mr Stanley was diagnosed with acute myelogenous leukemia, a cancer of the blood and bone marrow, in late January and had been responding well to treatment.
Responding to queries from Channel NewsAsia, DBS said after a brave fight with the disease, Mr Stanley died on Saturday morning at 8.45. His immediate family was by his side as he slipped away peacefully.
DBS said its staff are deeply saddened and that its thoughts and prayers are with his family during this time of bereavement.
In a late night statement on Friday, DBS said Mr Stanley's condition took a sudden turn for the worse.
It said after two rounds of chemotherapy earlier this week, his doctors believed his cancer was in remission.
But his condition deteriorated rapidly on Friday.
DBS said the unpredictability of the disease has led to severe complications due to infection.
Mr Stanley had been on a leave of absence for three to six months since he was diagnosed with leukaemia.
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. - CNA/vm
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