Two senior American bankers
in London commit suicide

TWO senior American bankers working in London commit suicide in just two days

Two top American bankers commit suicide in London, as one jumps 500 ft to his
death from JP Morgan skyscraper and another hangs himself in luxury home

Daily Mail (UK)
January 28, 2014
By Martin Robinson, Mark Duell, Kieran Corcoran

Two top ranking American bankers working in senior positions in London have committed suicide in the space of two days. Gabriel Magee, a 39-year-old JP Morgan bank executive, died early this morning, after he jumped 500 ft from the top of the bank's European headquarters. His body was discovered on the ninth floor roof, which surrounds the 33-storey Canary Wharf skyscraper.

Just two days earlier, on Sunday fellow American banker, William 'Bill' Broeksmit, 58, was found hanging in his South Kensington home. Broeksmit — who retired last February — was a former senior manager at Deutsche Bank and had lived in London many years. He started working for the bank in 1996, but left for a period of 7 years, before returning in 2008.

Tragedy: IT executive Gabriel Magee has been found dead today, after jumping from the top of JP Morgan's headquarters in Canary Wharf, London and landing on a surrounding roof.

Magee was a vice president in the corporate and investment bank technology department, having joined JP Morgan in 2004 and moved with the bank from the U.S. to Britain in 2007. Magee was named in an e-mail sent to all JP Morgan staff Tuesday afternoon. A company spokesman said: "We are deeply saddened to have lost a member of the J.P. Morgan family at 25 Bank Street today. Our thoughts and sympathy are with his family and his friends." A source close to Magee said, he was "in good standing with his bosses and colleagues. He was well liked."

Scotland Yard said, they were called to 25 Bank Street at 8.02 a.m. and detectives are not treating the death as suspicious. "No arrests have been made and the incident is being treated as non-suspicious at this early stage", a spokesman for the Metropolitan Police said.

Canary Wharf workers were in shock today with one trader telling MailOnline, that his body lay on the flat roof until around midday. "My colleague yelled, that he could see, that someone had jumped from the top of the building onto a lower roof. His body lay there uncovered for at least two hours", he said.

In shock: A JP Morgan worker looks out of his window, as Mr. Magee's body was recovered today.

Roof death: Workers at Canary Wharf said, hundreds were looking at the man's body from their windows.

Investigation: Police at the scene outside the JP Morgan building this morning, where the man was found dead at
around 8 am.

"Hundreds were looking out of their windows at him. It was bonus week at JP Morgan last week, so I hope, it wasn't to do with that."

Another Canary Wharf worker, who could see, where the man fell, told the Evening Standard: "It’s upsetting, what’s happened, but the thought of somebody lying up there for four hours is awful. I got into the office at about 8.10 and the body was on the floor and there were police up there and they put a white cover on him. I think, he was in a suit. As far, as I could see, he was dressed appropriately, but there was quite a lot of blood, so me and my colleagues were a bit upset."

Others tweeted that, what they saw this morning.

Amie Hughes-Gage said: "Just watched the police finally remove that poor banker's body 4 and half hours later with only a white sheet over him."

Hetal Patel tweeted: "The 9th-floor roof of JP Morgan is visible from my office window. For a long time the body was left cordoned and unattended."

Another wrote online: "It's not a nice view from my building. The body is on the rooftop of level 9. So sad."

Tweet from the scene

Reaction: a tweet by a witness

Reaction: a tweet by a witness

An air ambulance was sent to the scene, but the man could not be saved. "We were called to Bank Street to reports of a person fallen from a height", London Ambulance Service spokesman said. "We sent one ambulance crew, a duty officer, our hazardous area response team and London Air Ambulance to the scene. Sadly a man in his 30s was pronounced dead at the scene."

JP Morgan's building has been the headquarters of the bank's Europe, Middle East and Africa (EMEA) operation since July 2012. It used to be owned by Lehman Brothers until its collapse in 2008 and the area houses the headquarters of other banking giants, including HSBC and Barclays.

The horrific tragedy came hot on the heels of the shock death of of Broeksmit on Sunday, who apparently had close ties to co-chief executive Anshu Jain. Jain and fellow co-chief executive Juergen Fitschen said in an internal memo: "He was considered by many of his peers to be among the finest minds in the fields of risk and capital management. We are deeply saddened by Bill's death. He was a dear friend and colleague to many of us, who benefitted from his intellect and wisdom. Our thoughts and condolences are with his wife and family at this time. We will remember him for his contributions to Deutsche Bank, thoughtful advice and personal friendship."

Location: The body of William "Bill" Broeksmit, 58, was found at his home in South Kensington, central London.

Discovery: Police had been called to reports of a man found hanging at a house on this road, Evelyn Gardens.

Broeksmit worked in investment banking — specifically risk and securities — and lived on exclusive Evelyn Gardens in South Kensington, which has an average property value of £1.9million.

He is also registered to a high-value property a stone's throw from New York's Central Park. Broeksmit's name appears on U.S. government records for the Broeksmit Family Foundation, which is based in the palatial 1185 Park Avenue building. The three-bedroom, three-bathroom apartment, to which he is linked, was worth $4,500,000, when it was last sold in June 2000.

He worked at Deutsche Bank from 1996 to 2001, then from 2008, until he retired. Broeksmit was also employed by Merrill Lynch for a period. Broeksmit was one of around 100 bankers, who left Merrill Lynch for Deutsche, when its investment banking arm was founded in the 1990s.

Links: Mr Broeksmit is linked by U.S. documents to an apartment in this building, yards from Central Park

Offices: He worked at Deutsche Bank from 1996 to 2001, then from 2008, until he retired (file picture).

He was involved in the process of rescuing the bank in the wake of the 2008 financial crisis, when many investment banks found, their debts were "toxic" and unlikely ever to be repaid. Broeksmit, a renowned risk expert, assisted the bank's efforts to shift the worst of the debt and reduce its total amount of lending.

Chiefs at Deutsche Bank had planned to promote Broeksmit to its management board in 2012, but stopped, when the German financial regulator expressed doubts about his experience as a leader.

Scotland Yard confirmed only, that a 58-year-old man was found hanged. A spokesman said: "Police were called at 12.35 p.m. on Sunday to a man found hanging at Evelyn Gardens, SW7. Kensington and Chelsea police, ambulance and air ambulance all attended. A 58-year-old man was declared dead at the scene. The death is being treated as non-suspicious."

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