Ryerson students say 'Thanks HSBC!', Amazing-Race style

    TORONTO, Aug. 31 /CNW/ - Ryerson management students expressed their
thanks in a big way after HSBC Bank Canada announced a $240,000 donation today
to the Ted Rogers School of Management at a student orientation event held at
the Ryerson Business Building.
    The donation establishes the HSBC Bank Canada Business Awards, which has
been matched by the provincial government's Ontario Trust for Student Support
program, to create an endowment of more than $600,000. The annual scholarships
will be awarded to third- and fourth-year Ryerson management students who have
maintained an exceptional academic record and have demonstrated outstanding
leadership skills in the community.
    Geoffrey Hoy, Senior Vice-President, Toronto Region for HSBC Bank Canada,
made the announcement in front of more than 100 enthusiastic management
students who participated in the first leg of an Amazing Race-type of
competition outside the Ryerson Business Building in downtown Toronto. Harry
Rosen, Executive Chairman, Harry Rosen Inc., who is a member of Ryerson's
Board of Governors and the Ted Rogers School of Management Campaign Cabinet,
also attended the announcement. He was awarded an honorary doctor of commerce
degree by Ryerson University in 2003. "This generous donation from HSBC, along
with the matching funds from the provincial government, will greatly impact
the lives of the upper-year management students receiving this award," says
Ted Rogers School of Management Dean Ken Jones, who welcomed the students and
presided over the event.
    Hoy was delighted to make the announcement to the students. "HSBC has a
long tradition of sharing our success with the communities where we live and
work. Many talented young people never get the chance to fulfill their
potential, which means they, their families and the wider community all lose
out. However, acquiring knowledge, understanding and skills during the
formative years help young people become confident, ambitious and responsible
adults, and the benefits can be far-reaching. This is why HSBC Bank Canada is
a strong supporter of education."
    The donation is welcome news for Ryerson's undergraduate management
students, says Abdul Snobar, President of the Ryerson Commerce Society, and a
third-year undergraduate studying hospitality and tourism. "The HSBC Bank
Canada Business Awards will open doors to these students who have the
tremendous potential to be our business leaders of tomorrow."
    Hoy and Rosen were also the judges in a tie challenge for the race
participants. As part of the competition, a member from each team had to tie a
proper Windsor knot using neck ties.

    Ryerson University is Canada's leader in career-focused education,
offering more than 95 PhD, master's, and undergraduate programs in the Faculty
of Arts; the Faculty of Communication & Design; the Faculty of Community
Services; the Faculty of Engineering, Architecture and Science; and the Ted
Rogers School of Management. Ryerson University has graduate and undergraduate
enrolment of 24,000 students. With more than 64,000 registrations annually,
The G. Raymond Chang School of Continuing Education is Canada's leading
provider of university-based adult education.

    HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170
offices and is the leading international bank in Canada. With around 10,000
offices in 83 countries and territories and assets of US$2,150 billion at 30
June 2007, the HSBC Group is one of the world's largest banking and financial
services organizations.

    Photos of the event are available at

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/

For further information:

For further information: Suelan Toye, Public Affairs, Ryerson
University, Office: (416) 979-5000 x 7161, stoye@ryerson.ca; Sharon Wilks,
Senior Manager, Public Affairs, HSBC Bank Canada, Office: (416) 868-3878,

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