Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader

Tyler Durden's picture

The banker suicide wave that started in late January has now become an epidemic, and it seems to be focusing on one bank: JP Morgan.

After the first suicide that took place in JPM's London headquarters, ending the life of 39 year old Gabriel Magee, a vice president in the investment bank’s technology department, next it was 37 year old Ryan Crane, an executive director in the firm's program trading division, who died under still unknown circumstances.

Moments ago a third JPMorgan banker committed suicide, this time at the JPMorgan Charter House Asia headquarters in central Hong Kong, where a 33 year old man who was said to have been an FX trader for JPM, just jumped to his death.

Not much is known yet about the circumstances of the suicide, however according to early reports, the man was 33-years-old, surnamed Lee, and believed to be a forex trader for JP Morgan.

Commuters noticed the man at the top of Chater House around 2pm to 3pm in the afternoon and called the police but policemen who arrived at the scene failed to convince the man not to jump. The deceased was sent to the hospital immediately but was pronounced dead on arrival. As several lanes on Connaught Road Central were closed because of the incident, traffic in the area were chaotic.

The man stands on the roof of Chater House in Central as
police try to talk him down. Photo: SCMP Pictures

SCMP has more:

An investment banker on Tuesday jumped to his death from the roof of Chater House in Central, where Wall Street bank JP Morgan has its Asia headquarters, several witnesses told the South China Morning Post.


Witnesses said the man initially went to the roof of Chater House, a 30-floor building in the heart of Hong Kong’s central business district – and later jumped. The incident happened between 2pm and 3pm, one witness said.


Several policemen were seen on the roof but apparently failed to convince the man not to jump, one of the witnesses said. Police later confirmed to the Post that a 33-year-old man – surnamed Li – was found in a dangerous position on the roof of Chater House on Connaught Road Central at 2.08pm local time. Li threw himself off the building before the city’s emergency crew arrived.


The man landed on the four-lane western-bound carriageway outside the building. A police spokeswoman said Li was taken to Ruttonjee Hospital, where he was declared dead at 2.31pm. Police are investigating the case.


According to several JP Morgan employees, the man was a junior-level investment banker who played a supporting role on various projects.


A Hong Kong-based JP Morgan spokeswoman said the bank was aware of the incident but it could not confirm at this stage whether the deceased was an employee of the bank. The bank is working with other parties including the police and the property manager of Chater House to follow up on the case, she added.


“There were lots of police, ambulance cars and even some firefighters at the scene, right in front of Chater House,” said one witness, a security guard at Jardine House, an office building opposite Chater House in Central.


“Connaught Road Central was blocked for nearly two hours in the afternoon,” he added.


Another witness working for a financial firm in Jardine House said he and his colleagues were having coffee at a nearby Starbucks when the suicide happened. They heard a heavy sound suddenly from the ground and later realised it was a man who jumped to his death.


“We thought it might have been a car tyre [exploding]. It’s sad to know it is a suicide case,” he said.


The incident apparently had some internal impact on JP Morgan’s business activities in Hong Kong – at least one business meeting was cancelled immediately after the suicide happened.


According to one manager working for a British bank in Hong Kong, his team were originally scheduled for a meeting with JP Morgan at 3pm but it was suddenly cancelled without explanation.


JP Morgan takes up 10 floors, from the 20th to 29th, of Chater House, one of the financial district’s landmark high-rises. It is the main regional head office location for the bank, which also houses its staff in Hong Kong in several other buildings across the city. Chater House also carries the logo of JP Morgan on the top corner of the building.

Hong Kong's Released photos of the suicide below (warning: graphic).

Perhaps what is most notable about this particular death is the reference that the man was involved with FX trading: as is well-known, this is a hot topic for banks around the world, as it is expected to be the next Libor-manipulation like bonanza for regulators and enforcers. Did he know too much?

Finally, via Financial Post, here is a chronological summary of all recent banker deaths:

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.

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.

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.

The week before, a U.K.-based communications director at Swiss Re AG died. The cause of death has not been made public.

Monday, February 3: 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.

Tuesday, February 18: 33-year old JPMorgan forex trader is the latest in a string of suicides to take his life in Hong Kong.

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Infinite QE's picture

Anyone starting a pool on who's next?


SamAdams's picture

Nice coverup by photographing the guy told to commit suicide or family "gets it".  Guess we know these guys really are shooting themselves to death with a Bostitch. 

Alternatively, can we trust photos in the days of Sandy Talmud Hook media?

Arius's picture

Please stop the CNN reporting ... there are a million bankers .... 250.000 people working at JPM ... one or few will either suicide or suicided ... it happens everywhere just have a look into DC .... just gets no publicity - dont give it publicity!

J S Bach's picture

JP Morgan is long on parachute futures.

SoilMyselfRotten's picture

JPM sure needs some higher rails on top of their buildings.

Divided States of America's picture

Dimon's hit squad at work right now....If i work at JPM, I would watch my back going to and from work just to be safe.

Headbanger's picture

What I said here before


Suicides occur in clusters.  And this one isn't over yet.


Wow.. He made it all the way to the middle of the street too!

BaBaBouy's picture

Will JP Blame Everything On This Poor Guy???
He Did All The Shit, All His Fault???

TeamDepends's picture

"Did he know too much?"  Ya think?

Chupacabra-322's picture

Like I've mentioned before. Their beginning to eat their own. This will only escalate. Hopefully all the way to the District of Criminals.

Divided States of America's picture London, Hong Kong, New York, Bangkok. Lets bet which city the next suicide takes place in. I say its Tokyo or Singapore.

johnQpublic's picture

this is a good start and all, but can we pick up the pace a bit?

guy above says there are like 250k of these bastards, so the progress here is just amazingly slow

Scarlett's picture


manofthenorth's picture

What do you call 6 dead bankers ?? A GREAT START !!!!


papaclop's picture

I wish Jamie Dimon would take the plunge.

V in PA's picture

They can't or  'the family gets it'.

kralizec's picture


If the fit hits the shan, at least tell us who the leaders of the cabal that are leading it.  I mean we know probably most of them, but man up and name names you pussies!

y3maxx's picture

NSA, CIA & Banksters at work here.....First exposing the malcontent Generals and now the Bankers. These are not suicides. They are messages to the rest of the bankers who may be thinking of turning "Whistleblower".

Dr. Destructo's picture

It adds up. You gotta have a conscience in order to off yourself because of what you've contributed to an unethical organization.

These people had consciences, and they could easily become whistleblowers.

Good call!

Pairadimes's picture

The forecast calls for rain (ing banksters).

Oldballplayer's picture

I was thinking that too.  Thats either some adrenenal leg strength or some wicked cross winds.  Thats cliff diver power.

That boy was motivated.

Bastiat's picture

70ft broadjump?  I don't think so.  Maybe the guy on the rooftop was an actor and the guy in the street was dropped from a helicopter just as the guy on the roof jumped back down onto the rooft.  There is no way someone can cover that lateral distance -- unless he's wearing a flying squirrel suit.

MeelionDollerBogus's picture

Math for tha muthafuckin' win.

MeelionDollerBogus's picture

all the king's horses

and all the king's men

couldn't make a charge

stick to that fucker Jamie Dimon.

Oh I'm sorry, was that supposed to rhyme?


Luckhasit's picture

Pretty much my thoughts.  Fuck banking, this guy should do the long jumps in the Olympics. 

Ranger4564's picture

Maybe he was struck by a car / truck and dragged.

Muddy1's picture

Sensationalism by ZH, much like the use of the words collapse, plunge, and crisis when downward movements are 1 or 2% or less.  This is hardly an epidemic when it is only number 6 out of how many bankers in the world?  Come on ZH, tone down the sensationalism.

Now, if you want to consider a more accurate use of the word epidemic in relation to suicide look at the number of US soldiers, and soldiers from other countries, that have committed suicide since returning from numerous deployments in Iraq and Afghanistan.

CrashisOptimistic's picture

Actually the cause of it for war veterans and bankers and others is all the same.

SSRI medication.  Suicide is a side effect.

Greenskeeper_Carl's picture

suicide...or a whole lot of homicide. the other side effect of these drugs. pretty much every single mass shooter in the past couple decades was doped to the gills on one or more of them

Jumbotron's picture

Sorry Muddy1.......ZeroHedge is at its best when giving forward guidance.  And this is certainly that.

Muddy1's picture

Yeah, remember to fall forward.

Jumbotron's picture

Don't rely on just one input of forward guidance.....even the spate of banker suicides.....but DON'T dismiss out of hand either.  The best forecast models take in the most data points.....even small sets and weighs them accordingly....(sometimes this is best left to human judgement.....but you need the data point non the less).

Take it from an ex-meteorologist who has had to deal with many forecast models.....some of which had a built in bias for rain that was never had to adjust yourself.....but you wanted the model to have the initial data in the first place even knowing about the bias.

MarsInScorpio's picture

Muddy1 . . . signs up to start putting tin-foil hats on everyone who starts thinking that maybe there is something to this.


"It was just a crazy, tin-foil hat conspiracy theroy" . . . until it wasn't.


warish's picture

I am amazed at people's ability to be in denial and just plow ahead.

Wile-E-Coyote's picture

Hey maybe he thought he was Neo.

Why are his trousers around his ankles? Maybe someone tried to fuck him literally!! Is JD in HK?

booboo's picture

Nice form on the way down, he nailed the double camel toe loop but his score will reflect the apparent wardrobe malfunction. Team Morgue is still in contention for a Bronze but if Dimon shows up on the card it should catapult them into a definite Gold Medal contention.

Oh regional Indian's picture

Strange world getting stranger by the minute.

And all this photo evidence, do we even know what really happened? Were those men in black telling him to jump or not jump? 

World is at a tipping point, something has to give....


Divided States of America's picture

Something has to give? Reality has to give in to Fantasy.....equity markets are up again.

Oh regional Indian's picture

Stranger and stranger is the new normal.


Ferrari's picture

ORI, you're a good man. I've been reading your blog, and have enjoyed it in the past. We're fellow travelers. It's all about the culture and willfull ignorance. Just to say, rock on.

Oh regional Indian's picture

Thank you Ferrari. Appreciate meeting a resonant fellow traveller :-)

bunnyswanson's picture

Being a person who has known 2 people who have taken their life (brother and father), I can say that they will talk about it before the act because no one wants to die. This can take place up to 6 months before.  But they do need to talk about it, because they are looking for someone to save them from the place they find themselves in (intolerable physical reaction to being painted into a corner, agitation, sleeplessness, loss of appetite, unable to focus on everyday things causing withdrawal from family and conversations, looking disheveled due to being tired and distracted).


The bankers in charge of the TBTF banks are murdering thieves.  They kill millinos everyday with predatory lending practices in 3rd world nations, fund and deliver weapons to regions where women and children are in the cross fire.  The Wizard of Oz is also a heartless bastard quite obviously, because I believe he gives the orders. 

I think these people who are close to the hornets nest are interviewed periodically and determined to be "loose cannons" or weak links and are probably stalked and watched for up to a year before the actual event.  They may be driven to it by stalking by groups assigned to watch over them, their every move. If they have family, their family may be at risk and they are made to realize it with drops of hints in a variety of ways to taunt them.

Anyone who is in this predicament needs to take a vacation.  Dye your hair.  Get grubby clothes.  A supermarket cart and blend into the homeless people's scene.  Go into a coffee shop, get on the computer and contact a journalist who has made front page news.  Once you are under the protection of a journalist, they should leave you alone, especially if your testimony can end this mad world these psychopathic killers have created.


RafterManFMJ's picture

JPM sure needs some higher rails on top of their buildings.


Why can't they encase all of their buildings over 2 stories with those sweet anti-suicide nets like they have at Foxconn?  Perhaps they could also print a pamphlet for their shady traders about how suicide ISN'T painless, and DOESN'T bring on many changes, so they should NOT take it, even if they please?

iLiquid's picture

Which is precisely the kind of insider trading in which the CFTC is supposed not to investigate.

Kirk2NCC1701's picture

Now that's a crash we can live with.

Sorry, nothing personal.  It's just business.  Isn't that what they tell us all the time?