Another JPMorgan Banker Dies, 37 Year Old Executive Director Of Program Trading

Tyler Durden's picture


Ordinarily we would ignore the news of another banker's death - after all these sad events happen all the time - if it wasn't for several contextual aspects of this most recent passage. First, the death in question, as reported by the Stamford Daily Voice is that of Ryan Henry Crane, a Harvard graduate, who is survived by his wife, son and parents at the very young age of 37. Second, Ryan Henry Crane was formerly employed by JPMorgan - a bank which was featured prominently in the news as recently as two weeks ago when another of its London-based employees committed suicide by jumping from the top floor of its Canary Wharf building. Third: Crane was an Executive Director in JPM's Global Program Trading desk, founded in 1999 by an ex-DE Shaw'er, a function of the firm which is instrumental to preserving JPM's impeccable and (so far in 2013) flawless trading record of zero trading losses.

There was little detail surrounding the death:

Ryan Henry Crane of Stamford died Monday, Feb. 3. He was 37.


Crane was born Jan. 8, 1977, and grew up in Long Valley, N.J. He graduated from The Delbarton School in Morristown in 1995. He graduated from Harvard University in 1999, after which he spent the next 14 years at J.P. Morgan in New York. He was an executive director in the Global Equities Group.


Crane is survived by his wife, Lauren (nee Pizzotti); son, Harry; parents Mary Jo and Lex of Long Valley, N.J.; brother, Lex of Denver, Colo.; sister, Allison; brother-in-law, John Archard of Arvada, Colo.; parents-in-law, Steve and Carol Pizzotti of Reading, Mass.; brothers- and sisters-in-law, David and Heather Pizzotti of Upper Arlington, Ohio, Stephen and Kristin Pizzotti and Chris and Felicia Pizzotti of Reading, Mass.; five nephews, three nieces; aunts, uncles; and cousins.


Calling hours are Sunday, Feb. 9 from 3 to 7 p.m. at the Leo P. Gallagher Funeral Home, 31 Arch St., Greenwich. A Mass of Christian Burial will be held at 11 a.m. Monday, Feb. 10 at St. Catherine of Siena Church, Riverside. Interment will be held at 1 p.m. Tuesday, Feb. 11 at Puritan Lawn Memorial Park in Peabody, Mass.

Crane's LinkedIn profile confirming his senior position at one of JPM's most important market-facing verticals:


Below is his Finra BrokerCheck profile. Aside from having a license to trade virtually anything and anywhere as someone with his skillset would be expected to, his history was spotless:


The circumstances surrounding his death are scarce, but what is most notable is that not only is Crane the second very young JPMorgan banker to pass in recent days, but is also the fourth banker death in under a month. We can only hope this disturbing chain of deaths within the financial industry - one of which involved a nail-gun induced suicide - is purely accidental.

h/t SGT Report

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Wed, 02/12/2014 - 12:08 | 4428049 buzzsaw99
buzzsaw99's picture

hot tub?

Wed, 02/12/2014 - 12:14 | 4428068 fonestar
fonestar's picture

another one bytes the dust

Wed, 02/12/2014 - 12:17 | 4428104 ACP
ACP's picture

Looks like the stress of running criminal stock and commodity manipulation schemes, is getting to them.

Wed, 02/12/2014 - 12:20 | 4428119 bania
bania's picture

the trend is your friend?

Wed, 02/12/2014 - 12:25 | 4428133 camaro68ss
camaro68ss's picture

Still waiting for the banker who shoots himself twice in the back of the head, weapon not found at the scene, ruled suicide.

Wed, 02/12/2014 - 12:27 | 4428142 Fukushima Sam
Fukushima Sam's picture

The trend for "banker suicide" is up over at google!

Wed, 02/12/2014 - 12:53 | 4428269 eclectic syncretist
eclectic syncretist's picture

Paging John Grisham

Wed, 02/12/2014 - 13:01 | 4428305 gmrpeabody
gmrpeabody's picture

Router..., or sander?

Wed, 02/12/2014 - 13:01 | 4428313 idea_hamster
idea_hamster's picture

Fell on a knife ... again and again and again...?

Wed, 02/12/2014 - 13:20 | 4428389 mayhem_korner
mayhem_korner's picture



Poor bastard.  Well, at least he can say "hi" to Ken Lay...

Wed, 02/12/2014 - 13:22 | 4428407 HyBrasilian
HyBrasilian's picture

So who got him?


SubZero? BuzzSaw? Dynamo? Fireball? Captain Freedom?

Wed, 02/12/2014 - 13:35 | 4428478 J S Bach
J S Bach's picture

Check his blood for polonium.  That's how they got Arafat.

Wed, 02/12/2014 - 13:42 | 4428505 jbvtme
jbvtme's picture

first it was the microbiologists and then the deep field astronomers. now the bankers

Wed, 02/12/2014 - 14:11 | 4428688 tongue.stan
tongue.stan's picture

dese banksters is savin us da trouble a stringin em up on da lightpoles, doin us a favor by takin em out ta the woodshed, makin em sleep wid da fishes, dirtnaps for alla dem dirtballs, every last one a dem bums

Wed, 02/12/2014 - 14:17 | 4428711 eatthebanksters
eatthebanksters's picture

As long as the trend works its way to the top of the cesspool, I'm good with it...

Wed, 02/12/2014 - 15:22 | 4428989 Pure Evil
Pure Evil's picture

I was under the impression you jumped after the market collapsed.

Wed, 02/12/2014 - 16:12 | 4429240 Gankfest
Gankfest's picture

Their literally falling from the sky, their rates are so low!

Wed, 02/12/2014 - 16:45 | 4429439 screw face
screw face's picture

Speaking of Bankers and Quantum Computing where is that Mike Morgan, grandson of J.P., ......he was an undergrad in the computing Department at the U of O in Eugene Or. in the late 70's?

Can you guess why a banker would have a great interest in Quantum Computing?



Wed, 02/12/2014 - 22:24 | 4430773 Soul Glow
Soul Glow's picture

The U of O get millions in funding from the US MIC every year to study weapons.

Also, Skull and Bones have always put their young minions to work in many various sectors.  From Hollywood to science, to the Treasury and Universities, there and Skull and Bonesmen everywhere.

Wed, 02/12/2014 - 22:19 | 4430777 Bunga Bunga
Bunga Bunga's picture

There is laways some hope for the banksters,  but quantum computing won't break bitcoin.

Wed, 02/12/2014 - 17:38 | 4429658 layman_please
layman_please's picture

this movie seems more poignant than ever:

The International

even though it's hollywood production, it's not far-off from the reality.

beginning of the movie

Wed, 02/12/2014 - 19:05 | 4430102 Rusty Shorts
Rusty Shorts's picture

Thanks!! going to watch that this evening.

Wed, 02/12/2014 - 19:12 | 4430130 fonestar
fonestar's picture

fonestar thought you were leaving?

Wed, 02/12/2014 - 22:18 | 4430770 The Dunce
The Dunce's picture

Ivy League bankers suck.  But I hate to see them die.  Sad, really.

Wed, 02/12/2014 - 22:29 | 4430823 JamesBond
JamesBond's picture

JP Moar Gone?





Wed, 02/12/2014 - 22:35 | 4430844 James
James's picture

Dunce, I've seen your blog and I'd lay off that Coke if I were you. Sugars a killer.

I bet your piss has a PH of 4. Very acidic. Diseases thrive in a low PH.

Bottoms up!

Wed, 02/12/2014 - 21:38 | 4430640 PT
PT's picture

Ban JPM.  It is obviously waaaaayyyy too dangerous.

Wed, 02/12/2014 - 13:44 | 4428519 Four chan
Four chan's picture

it was a construction accident, he was busting up cement with a sledge and hit himself with it. 

Wed, 02/12/2014 - 14:37 | 4428788 walküre
walküre's picture

Better than the poor guy who poured a foundation and fell into the wet cement, hitting his head and never recovered. Heard it all before. Accidents happen. Sad, really ...

Wed, 02/12/2014 - 15:18 | 4428960 Kaiser Sousa
Kaiser Sousa's picture

"The London Evening Standard newspaper reported the same day that “A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today.” Who gave that completely fabricated story to the press? Commuters on the street had no view of the body because it was 9 floors up on a rooftop – a rooftop that is accessible from a stairwell inside the building, not just via a fall from the roof. Adding to the suspicions, Magee had emailed his girlfriend the evening before telling her he was finishing up and would be home shortly.

If JPMorgan’s CEO, Jamie Dimon, needed a little crisis management help from operatives, he has no shortage of people to call upon. Thomas Higgins was, until a few months ago, a Managing Director and Global Head of Operational Control for JPMorgan. (A BusinessWeek profile shows Higgins still employed at JPMorgan while the New York Post reported that he left late last year.) What is not in question is that Higgins was previously the Senior Officer and Station Chief in the CIA’s National Clandestine Service, a component of which is the National Resources Division. (Higgins’ bio is printed in past brochures of the CIA Officers Memorial Foundation, where Higgins is listed with his JPMorgan job title, former CIA job title, and as a member of the Foundation’s Board of Directors for 2013.)

According to Jeff Stein, writing in Newsweek on November 14, the National Resources Division (NR) is the “biggest little CIA shop you’ve never heard of.” One good reason you’ve never heard of it until now is that the New York Times was asked not to name it in 2001. James Risen writes in a New York Times piece: [the CIA’s] “New York station was behind the false front of another federal organization, which intelligence officials requested that The Times not identify. The station was, among other things, a base of operations to spy on and recruit foreign diplomats stationed at the United Nations, while debriefing selected American business executives and others willing to talk to the C.I.A. after returning from overseas.”

Stein gets much of that out in the open in his piece for Newsweek, citing sources who say that “its intimate relations with top U.S. corporate executives willing to have their companies fronting for the CIA invites trouble at home and abroad.” Stein goes on to say that NR operatives “cultivate their own sources on Wall Street, especially looking for help keeping track of foreign money sloshing around in the global financial system, while recruiting companies to provide cover for CIA operations abroad. And once they’ve seen how the other 1 percent lives, CIA operatives, some say, are tempted to go over to the other side.”

We now know that it was not only the Securities and Exchange Commission, the U.S. Treasury Department’s FinCEN, and bank examiners from the Comptroller of the Currency who missed the Madoff fraud, it was top snoops at the CIA in the very city where Madoff was headquartered.

Stein gives us even less reason to feel confident about this situation, writing that the NR “knows some titans of finance are not above being romanced. Most love hanging out with the agency’s top spies — James Bond and all that — and being solicited for their views on everything from the street’s latest tricks to their meetings with, say, China’s finance minister. JPMorgan Chase’s Jamie Dimon and Goldman Sach’s Lloyd Blankfein, one former CIA executive recalls, loved to get visitors from Langley. And the CIA loves them back, not just for their patriotic cooperation with the spy agency, sources say, but for the influence they have on Capitol Hill, where the intelligence budgets are hashed out.”

Higgins is not the only former CIA operative to work at JPMorgan. According to a LinkedIn profile, Bud Cato, a Regional Security Manager for JPMorgan Chase, worked for the CIA in foreign clandestine operations from 1982 to 1995; then went to work for The Coca-Cola Company until 2001; then back to the CIA as an Operations Officer in Afghanistan, Iraq and other Middle East countries until he joined JPMorgan in 2011."

Wed, 02/12/2014 - 17:41 | 4429735 emersonreturn
emersonreturn's picture

thanks KS.  super work

Wed, 02/12/2014 - 20:45 | 4429753 tdogg
tdogg's picture

When it's serious ... you must lie.

When it's end game serious ..... you must terminate with extreme prejudice.

Wed, 02/12/2014 - 21:11 | 4430550 tdogg
tdogg's picture

Higgins - that name sounds familiar.

Yep - C. Robertson's character in Three Days of the Condor (one of the top CIA spooks) was named J. Higgins.




Wed, 02/12/2014 - 21:30 | 4430607 vulcanraven
vulcanraven's picture

That's some real life Tom Clancy novel shit right there, nice one.

Wed, 02/12/2014 - 21:41 | 4430646 Sinnedi
Sinnedi's picture


CFR is in control of american media.

Wed, 02/12/2014 - 13:43 | 4428524 Bangin7GramRocks
Bangin7GramRocks's picture

It gets my dick hard thinking of a Running Man show for the criminal bankers! Jail is too good for them.

Wed, 02/12/2014 - 19:45 | 4429994 yield_curver
yield_curver's picture


Wed, 02/12/2014 - 19:05 | 4430095 yield_curver
yield_curver's picture

Running Man crew. Nice. I'd love to see SubZero hit him hard with the razor hockey stick.

Arnold: "I'll be back.";Damon Killian: "Only in a re-run."

Wed, 02/12/2014 - 13:44 | 4428521 jbvtme
jbvtme's picture

kenny's in paraguay at bush's hacienda

Wed, 02/12/2014 - 14:09 | 4428674 Grande Tetons
Grande Tetons's picture

Elvis performs duets with Whitney on Saturdays. 

Wed, 02/12/2014 - 14:19 | 4428717 Race Car Driver
Race Car Driver's picture

Elvis died of gluttony. Whitney was a human sacrifice.

There's a difference.

Wed, 02/12/2014 - 15:51 | 4429147 HyBrasilian
HyBrasilian's picture

Elvis ate BBQ Whitney? [ewww]

Wed, 02/12/2014 - 16:21 | 4429294 Lost Word
Lost Word's picture

Elvis death was a fake. Elvis was living at least a decade later in Michigan and Alabama.

Wed, 02/12/2014 - 13:18 | 4428390 TruthInSunshine
TruthInSunshine's picture

Credit Suiss Swingline Stapler Suicide.

Wed, 02/12/2014 - 15:16 | 4428951 debtor of last ...
debtor of last resort's picture

I thought there were no losses at JPM.

Wed, 02/12/2014 - 19:13 | 4430152 nmewn
nmewn's picture

Amatuer bungee jumper, he bought a 100ft cord for a 100ft jump.

Wed, 02/12/2014 - 15:07 | 4428921 One of We
One of We's picture

Stuck in the gears of a combine?  Nuts bit off by a Laplander?

Wed, 02/12/2014 - 16:17 | 4429275 Zero Point
Zero Point's picture

Fell down a lift shaft.

Onto some bullets.

Wed, 02/12/2014 - 13:33 | 4428464 Oldballplayer
Oldballplayer's picture

I think he was run through with a big samarui sword weilded by a tall, dreadlocked wearing, black woman from Atlanta.

But the good news is that she did not cut off his arms and jaw, so he could be made into a pet.

Wed, 02/12/2014 - 13:09 | 4428278 AlaricBalth
AlaricBalth's picture

Things that make you go hmmmm.....

Ryan Henry Crane - Head of program trading desk. He over saw all of the program trades and was familiar with all of the software( trade platforms) that these trades were done in. This job works closely with the London desk. And who died last week in London? That’s right Gabriel Magee. The man who jumped off the 33rd floor of Canary Wharf. What was his post? Head of IT and trade platforms. Meaning he had access to information that Ryan Henry Crane would also have been able to access.

The gist of the many obituaries describes his death as a sudden, tragic loss.

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