Wednesday, June 27, 2012

Former RCBC Securities President Jerome Tan Dies in Subic


Subic accident

Former RCBC Securities president Jerome Tan passed away last weekend after he drowned in Zambales.

According to word that reached Biz Buzz, Tan and his friend were trying out a new yacht last Saturday in Subic and decided to visit Grande Island, just at the mouth of the bay. They anchored the boat off the island and jumped into the water to swim to the shore but soon found themselves overpowered by the strong undertow that waters off Zambales are known for.

Despite being “very fit” and a “good swimmer”—as attested to by his good friends, who invariably described him as a “nice guy”—Tan was apparently overcome by the current. Only his friend made it to the island, and the banker was later found with a very weak pulse. Tan expired soon after.

Tan resigned from the brokerage firm about two months ago amid troubles concerning the supposedly rogue trades executed by the firm’s rainmaker (who has since made herself scarce). According to his friends, Tan was advised early this year by a geomancer to “stay away from salt water.”—Daxim L. Lucas

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