Tuesday, February 18, 2014

37-year-old JPMorgan executive may be the latest in a series of bizarre deaths in the financial world in less than a month

37-year-old JPMorgan executive may be the latest in a series of bizarre deaths in the financial world in less than a month

| | Last Updated: Feb 14 2:25 PM ET
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Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, died at the age of 37.
Getty ImagesRyan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, died at the age of 37.
A 37-year-old JPMorgan Chase & Co executive director who died from unknown causes Feb. 3 appears to be the latest in a series of untimely deaths among finance workers and business leaders around the world in the past three weeks.
Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, died in his Stamford, Connecticut, home, according to the website of Leo P. Gallagher & Son Funeral Home in Greenwich, Connecticut. The cause of death will be determined when a toxicology report is completed in about six weeks, a spokeswoman for the state’s chief medical examiner told Bloomberg.

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Crane, who left a wife and son, started at JPMorgan in equities trading after graduating from Harvard University in 1999, according to his profile on the LinkedIn Corp. website. Following promotions, he worked as an executive director, or a rank above vice president and below managing director, in the bank’s Americas Program Trading group. Program traders handle transactions in baskets of at least 15 stocks, often for mutual-fund clients seeking to rebalance index-linked portfolios.
“He was known as the ‘Gentle Giant’ by his friends and family,” according to the funeral home’s death notice.
This latest death in the U.S. follows a series of untimely deaths among finance workers and business leaders over the past three weeks.
On Sunday, Jan. 26, London police found William Broeksmit, a 58-year-old former senior executive at Deutsche Bank AG, dead in his home after an apparent suicide.
Monday, Jan. 27: Tata Motors managing director Karl Slym died after falling from a hotel room in Bangkok in what police said could be possible suicide.
Slym, 51, had attended a board meeting of Tata Motors’ Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.
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Peter Macdiarmid/Getty ImagesA person looks out of the window of the JPMorgan building at Canary Wharf on January 28, 2014 in London, England as police investigate the death of Gabriel Magee, whose body was found on the 9th floor.
Tuesday, Jan. 28: a 39-year-old JPMorgan employee died after falling from the roof of the European headquarters of JPMorgan in London.
The man, Gabriel Magee, was a vice president in the investment bank’s technology department, a source told WSJ.
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YouTubeChief economist Mike Dueker, 50, had been missing since Jan. 29
Wednesday, January 29: Russell Investments’ Chief Economist Mike Dueker was found dead in an apparent suicide. Police said it appears Dueker took his own life by jumping from a ramp near the Tacoma Narrows Bridge in Tacoma, Wash., AP reported. According to Bloomberg, Dueker, 50, had been missing since Jan. 29, and friends and law enforcement had been searching for him.
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The week before, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.
The Wall Street Journal reported that the deaths among finance workers has shaken London and raised more concerns about stress levels of bankers.
It notes that last August, the finance chief at Zurich Insurance Group AG committed suicide and left a note blaming the company’s chairman for creating an unbearable work environment.
In August, a 21-year-old Bank of America intern died after reportedly working consecutive all-nighters at the bank’s London office.
Wall Street banks including Bank of America, Goldman Sachs, JP Morgan, Credit Suisse, subsequently told junior bankers to take more time off.


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