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DBS CEO resigned


Cheekg98
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any insider news on this ? wondering any exit bonus for DBS CEO too ?

DBS CEO Jackson Tai to step down

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SINGAPORE - Singapore's DBS Group, Southeast Asia's biggest lender, said on Monday that its chief executive officer Jackson Tai would step down.

 

jacksontai1.jpg Mr Tai will step down as CEO and vice-chairman towards the end of the year to 'be with his family in the United States', DBS said.

The bank said Mr Tai would step down as CEO and vice-chairman towards the end of the year to 'be with his family in the United States'. It added that it had started to look for Mr Tai's replacement.

Mr Tai, 57, joined the bank in 1999 as its chief financial officer.

Related link:

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Click here for DBS' press release

 

 

 

 

 

DBS said the resignation of its CEO was not due to the bank's exposure to the US sub-prime market.

The bank's shares fell last month after it said it had injected cash into a special-purpose vehicle that invests in risky debt such as collateralised debt obligations. -- REUTERS

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1. did he really resign to spend time with family ??? dizzy.gif

2. who will be new CEO ? Lee Hsien Yang ? or chairman Koh Boon Hwee?

Edited by Cheekg98
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Guest Julio369
Neutral Newbie

hmm...rich/powerfull ppl always send their offspring to oversea...why?

 

because we're not rich/powerful [laugh]

Edited by Julio369
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