Fifth financial executive with ties to JPMorgan found dead
Marks the 11th in a rash of reports of banker, financial suicides
Just over 11 weeks into 2014 comes tragic news that an 11th financial executive has apparently committed suicide.
The New York Post reported Monday that a 28-year-old Manhattan investment banker who formerly worked for JPMorgan Chase & Co. (JPM)) reportedly jumped from the roof of his sixth-floor East Side apartment building.
Kenneth Bellando, who worked at Levy Capital since January, was found dead on the sidewalk outside his East Side building on March 12 after allegedly jumping from the sixth-story roof, sources said. The Post reported that Bellando’s brother is John Bellando, the chief investment officer with JPMorgan.
This marks the third such suicide in three weeks and the 11th since late January. HousingWire – with an acknowledgement to ZeroHedge, which initially broke the story – has been covering this rash of reports of the suicides of financial executives and bankers.
Many were prominent, or worked for firms under investigation or facing allegations from regulators both in the United States and in the United Kingdom. Five of the 11 that HousingWire has covered worked for or formerly worked for JPMorgan.
Zerohedge has compiled this list of the 11 bankers and finance executives.
1 - William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2 - Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 - Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 - Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 - Richard Talley, the 57-year-old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 - Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 - Ryan Henry Crane, a 37-year-old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong.
9 - James Stuart Jr, Former National Bank of Commerce CEO, found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the death
10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, committed suicide by jumping in front of LIRR train.
11 - Kenneth Bellando, 28, a trader at Levy Capital, formerly investment banking analyst at JPMorgan, jumped to his death from his 6th floor East Side apartment March 12.