Jaques (pictured), who departed his role as Y&R Asia chairman and CEO in mid-2006, declined to comment, but is believed to have tendered his resignation within the last week. It is further believed that Jaques will return to Hong Kong, and has already rented an apartment in the city. According to sources, a combination of professional and personal factors lie behind Jaques' decision.
Jaques originally quit his Asia role in June last year, after Y&R Australia chief Hamish McLennan was promoted to New York, to head the global network. At the time, Jaques' decision to leave was widely linked to McLennan's ascension, leading to widespread surprise when he eventually took on the North America role.
