Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"Gabriel Magee, a 39-year-old JP Morgan bank executive, died early this morning after he jumped 500ft from the top of the bank's European headquarters. His body was discovered on the ninth floor roof, which surrounds the 33-story Canary Wharf skyscraper.
Just two days earlier, on Sunday, fellow American banker, William 'Bill' Broeksmit, 58, was found hanging in his South Kensington home."
Prays go out to the family. Any thoughts on this? Could it be a sign of future upheaval in world markets or just isolated incidents? Apparently it was bonus week at JP Morgan, although I would hope a lower than anticipated bonus would never drive a person to jump 500 feet from the roof of a skyscraper.
Could there have been any foul play involved? Apparently both of these men were doing very well and were previously in good standing with their colleagues and seniors. One had already retired from the industry.
William 'Bill' Broeksmit had retired and was no longer involved in banking, whilst Gabriel Magee worked in the IT Department of J.P Morgan and was not involved in trading.
William 'Bill' Broeksmit had retired and was no longer involved in banking, whilst Gabriel Magee worked in the IT Department of J.P Morgan and was not involved in trading.
Those are super high stress jobs at those levels. Bankers and Upper Management Financial Managers have a fairly high level of suicide.
Had they both been from the same bank or lateral level positions between the two companies then it should raise some immediate external criminal questions. There will be internal security investigations going on for both suicides that could yield a connection but it's doubtful.
Gabriel Magee: JP Morgan tech expert dies in plunge from Canary Wharf headquarters building - Mirror Online
quote:
A technology expert has died after falling from JP Morgan's headquarters building.
Gabriel Magee, 39, worked for the company for 10 years and was vice-president in CIB Technology.
He was pronounced dead after falling on to the ninth-floor roof of the banking giant's building in Canary Wharf, east London, shortly after 8am today.
A JP Morgan spokeswoman said: "We are deeply saddened to have lost a member of the JP Morgan family at 25 Bank Street today. Our thoughts and sympathy are with his family and his friends."
Police have confirmed that his death is not being treated as suspicious.
Not sure about the retired guy, but if one looks at JP Morgan Corporate Investment Banking Technology and what has been going on in the markets, recently, especially EM, no telling. He sounded a bit high up the technical food chain.
The retired guy sounds like he was even further up the financial food chain.
From the reuters article:
Broeksmit, a U.S. national, was an instrumental founder of Deutsche's investment bank and one many bankers, including Jain, who joined Germany's flagship lender from Merrill Lynch in the 1990s, when Deutsche launched plans to compete on Wall Street.
Broeksmit was also a principal actor in Deutsche's efforts to unwind its riskier positions and to reduce the size of its balance sheet in the wake of the global financial crisis.
....
Broeksmit left Deutsche in 2001 but rejoined in 2008 as Deutsche and other investment banks struggled during the financial crisis. He filled senior roles and reported to Colin Fan, head of markets and co-head of corporate banking and securities. Broeksmit retired from Deutsche in February 2013.
Not sure about the retired guy, but if one looks at JP Morgan Corporate Investment Banking Technology and what has been going on in the markets, recently, especially EM, no telling. He sounded a bit high up the technical food chain.
The retired guy sounds like he was even further up the financial food chain.
From the reuters article:
Broeksmit, a U.S. national, was an instrumental founder of Deutsche's investment bank and one many bankers, including Jain, who joined Germany's flagship lender from Merrill Lynch in the 1990s, when Deutsche launched plans to compete on Wall Street.
Broeksmit was also a principal actor in Deutsche's efforts to unwind its riskier positions and to reduce the size of its balance sheet in the wake of the global financial crisis.
....
Broeksmit left Deutsche in 2001 but rejoined in 2008 as Deutsche and other investment banks struggled during the financial crisis. He filled senior roles and reported to Colin Fan, head of markets and co-head of corporate banking and securities. Broeksmit retired from Deutsche in February 2013.
Interesting. Like most things, I feel we will continue to learn more about this.
The above doesn't matter....all that the lefties will see is "bankers commit suicide!" and run with it.
Lefties LOVE bankers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
- bankers committing suicide is a much better story than an IT Executive and a retiree. Such is the world we currently live in.
