There is something strange going on in the world of investment bankers. A few months ago I remember reading at Zero Hedge about an investment baker who jumped to his death from the roof of his office building. Then, a week or two later, I read another article at Zero Hedge in which it was reported that the number of suicides of investment bankers had reached three. Today I read, in the Daily Mail that the number of investment banker suicides this year is now eleven.
HARROWING START TO THE YEAR: THE 11 SELF-INFLICTED DEATHS OF FINANCE PROFESSIONALS IN 2014
There have been a spate of suicides amongst financial services employees since the beginning of 2014. They’ve occurred in London, the U.S., Singapore and Hong Kong.
1. William Broeksmit, a 58-year-old former senior executive for Deutsche Bank AG, was found dead in at home after apparently taking his own life in South Kensington in central London, on January 26
2. Karl Slym, the 51 year old Tata Motors managing director was discovered dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27
3. Gabriel Magee, the 39-year-old JP Morgan employee, whodied after plummeting from the roof of the JP Morgan European headquarters in London’s Canary Wharf on January 27
4. Mike Dueker, the 50-year-old chief economist of US bank Russell Investments was discovered dead near to the Tacoma Narrows Bridge in Washington State on January 31
5. Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead on February 4 after apparently shooting himself with a nail gun.
6. Tim Dickenson, who was a U.K.-based communications director at Swiss Re AG, died in late January, in as yet unexplained circumstances
7. Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong on February 19
8. James Stuart, the former National Bank of Commerce CEO was found dead in Scottsdale, Arizona on the morning of February 19. The cause of death has yet to be announced
9. Autumn Radtke, the CEO of First Meta, a digital currency exchange firm who was found dead on February 28 outside her Singapore apartment.
10. Ed Reilly, 47, a divorced father-of-three who worked as a trader at Vertical Group in Manhattan. He jumped in front of a Long Island Rail Road train on March 11
11. Kenneth Bellando, 28, an investment banker at Levy Capital Partners jumped off his building in Manhattan’s Upper East Side on March 12.
Eleven investment baker suicides in the first three months of the year seems like more than a coincidence to me. Michael Snyder of The Economic Collapse blog apparently agrees. He writes:
First of all, most of these men were in good health and in their prime working years. Secondly, most of these “suicides” seem to have come out of nowhere and were a total surprise to their families. Thirdly, three of the dead bankers worked for JP Morgan. Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way. So when “a foreign exchange trader” jumped to his death from the top of JP Morgan’s Hong Kong headquarters this morning, that definitely raised my eyebrows. These dead bankers are starting to pile up, and something definitely stinks about this whole thing.
Snyder also question if all of these deaths were really suicide:
So did all of those men actually kill themselves?
Well, there is reason to believe that at least some of those deaths may not have been suicides after all.
For example, before throwing himself off of JP Morgan’s headquarters in London, Gabriel Magee had actually made plans for later that evening…
There was no indication Magee was going to kill himself at all. In fact, Magee’s girlfriend had received an email from him the night before saying he was finishing up work and would be home soon.
And 57-year-old Richard Talley was found “with eight nail gun wounds to his torso and head” in his own garage.
How in the world was he able to accomplish that?
Like I said, something really stinks about all of this.
I am not going to speculate about what all of these “suicides” mean or if there is anything that ties them together. But, I do agree with Michael Snyder that something doesn’t smell right. I’ve not been able to find any references to any of these people having left a suicide note and that seems strange to me. It sure would be nice if an investigative reporter were to dig into this story. Do we have investigative reporters any more?
Well, that’s what I’m thinking. What are your thoughts?