April 13, 2009 Monday
Updated

April 13, 2009
DBS CEO dies
Don't rush to replace
By Gabriel Chen and Francis Chan
Mr Stanley was described as an affable, sincere and knowledgeable person. -- PHOTO: REUTERS

GOVERNMENT leaders, corporate figures and banking bigwigs all made their way on Sunday to the wake of Mr Richard Stanley, the late DBS chief executive, to pay their last respects.

The steady stream of visitors included labour chief Lim Swee Say, Minister in the Prime Minister's Office Lim Boon Heng, Finance Minister Tharman Shanmugaratnam, SingTel chief executive (CEO) Chua Sock Koong and OCBC Bank CEO David Conner.

Mr Stanley died on Saturday morning, at the age of 48, after a short battle with leukaemia.

In the Regency Room of the Singapore Casket on Lavender Street, the mood was sombre and sad.

Mr Stanley's wife, Ms Koh Li Peng, was seen talking to guests but did not want to be interviewed by the media. Mr Stanley is also survived by three children.

Staff who had come to the wake included managing directors and receptionists. They said that this was a sad farewell they wanted to be a part of and traded stories as they reminisced fondly about the affable man.

Association of Banks in Singapore director Ong-Ang Ai Boon said: 'He was very knowledgeable. Some people can do, some people can't do. He could do.'

Mr Stanley's doctor, consultant haematologist Freddy Teo, called him a man 'with no airs'.

The cortege will leave for the funeral mass at Church of St Teresa at Kampong Bahru Road this afternoon.

It will pass the DBS building at 1, Shenton Way, where Singapore staff will give him one final send-off.

And at 2.45pm, all employees at the bank, across various locations including India, Hong Kong and Taiwan, will observe a minute of silence.

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