Another Trader Commits Suicide, Brings Total Recent Banker Deaths To 10

Tyler Durden's picture




 

For a market that is flirting with all time highs on a daily basis, the recent banker and trader suicide epidemic seems oddly out of place. And yet, it continues to claim even more victims, with the latest casuality being Edmund Reilly, 47, a trader at Midtown's Vertical Group, who as the Post reported, jumped in front of an LIRR train station yesterday at 6 am near the Syosset train station and was pronounced dead at the scene.

More:

A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year.

 

Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station. He was declared dead at the scene.

 

Reilly’s identity was confirmed by Salvatore Arena, an LIRR spokesperson, who said an investigation into the incident was continuing.

 

Passengers on the west-bound express train told MTA investigators they saw a man standing by the tracks before he jumped in front of the train, Arena said.

 

“Eddie was a great guy,” Rob Schaffer, a managing director at Vertical, told The Post in an email. “We are very upset and he will be deeply missed.”

 

The divorced father of three had rented a house around the corner from his ex-wife, Michelle Reilly, in East Norwich, NY.

 

One family friend, who said he spoke to the trader on Sunday, told The Post that Reilly “didn’t look good.”

This latest death brings the recent banker death tally to 10:

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 this week.

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 whatcaused the death

10 - Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, commited suicide by jumping in front of LIRR train

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Thu, 03/13/2014 - 08:08 | 4542257 Sudden Debt
Sudden Debt's picture

some people miss the train... jump in front of the train to early... or catch it just in time...

it's what traders do...

We'll all miss John Doe...

now... will my train be delayed because all of this?

Thu, 03/13/2014 - 08:18 | 4542276 SheepRevolution
SheepRevolution's picture

"This latest death brings the recent banker death tally to 10".

 

Too few. Too late.

 

Yours sincerely,

The whole god damn world

Thu, 03/13/2014 - 08:20 | 4542289 jaap
jaap's picture

double digits.... sad for the family, but not more than that

Thu, 03/13/2014 - 08:23 | 4542298 somecallmetimmah
somecallmetimmah's picture

ZZzzSnarzzz-kuh!  Keh!  Gack!

*is it thursday yet?*......

Thu, 03/13/2014 - 08:49 | 4542364 fonzannoon
fonzannoon's picture

This is a much bigger deal than it seems. The Vertical group is a small boutique firm that clears for one of the largest bullion banks out there. It's a German bank too and Reilly (I heard from someone yesterday) ran the commodities desk. If there are people actually standing for delivery he would be one of the ones who would know. This guy clearly knew something and this is the first person that I would actually agree could be a very important piece of the puzzle that seems to be coming apart.

Or I made all that shit up and he was a 47 year old burned out trader (NOT A BANKER) at a no name firm who was probably a miserable divorced dude who got booted from his house to an apartment and was having a difficult time adjusting and just had enough and ZH knows it's another boring green day in the markets so might as well make king world news blush with this one.

 

 

Thu, 03/13/2014 - 08:58 | 4542394 smlbizman
smlbizman's picture

jim halpert+michael scott+koi pond= another "suicide"

Thu, 03/13/2014 - 09:06 | 4542409 cifo
cifo's picture

I was wondering why the lack of banker suicides lately....

Thu, 03/13/2014 - 10:29 | 4542740 chumbawamba
chumbawamba's picture

You fucking people.

Just because some two-bit nobody trader loses his ass or his wife left him to become a submissive to a big black man or whatever the fuck reason he ended his life doesn't make a trend.

How many days went by when there wasn't a "banker" "suicide"?  How may teachers committed suicide in the past week?  How many haven't?

Why don't you people step away from the keyboard, go outside, and breath some fresh fucking air?

FFS.

I am Chumbawamba.

Thu, 03/13/2014 - 09:15 | 4542454 Freddie
Freddie's picture

Maybe he knew the Ukraine gold was coming to NYC and said something.  "See Something - Say Something."

Thu, 03/13/2014 - 10:04 | 4542623 simplejustice
simplejustice's picture

Only thing I can find coming out of Ukraine is a tungsten shipment for delivery to New York,please forward any information about gold.

Thu, 03/13/2014 - 09:26 | 4542490 elephant
elephant's picture

Agree - how many of the 30,000 annual suicides in the US can be attributed to financiers/bankers/etc. ?  How many of them committed suicide last year?  What is the base number we have for comparison?  And then, after looking at that number for comparison, let's ask if someone is trying to make a story out of nothing?

Thu, 03/13/2014 - 09:41 | 4542538 jagercali
jagercali's picture

This one might just be a resukt of the divorce....47 years old fat Irish bald guy renting a house a block away from his precious ex-wife....3 kids plus child support...he probably just said screw it....so this on ZH might be off the "conspiracy" list....

Thu, 03/13/2014 - 09:40 | 4542539 jagercali
jagercali's picture

This one might just be a resukt of the divorce....47 years old fat Irish bald guy renting a house a block away from his precious ex-wife....3 kids plus child support...he probably just said screw it....so this on ZH might be off the "conspiracy" list....

Thu, 03/13/2014 - 10:45 | 4542825 bilbert
bilbert's picture

+ 100 Fonz 

 

Thu, 03/13/2014 - 13:14 | 4543672 Flux
Flux's picture

Flux is not prone to up-arrowing comments, generally viewing public opinion pandering as a rather juvenile endeavour. However ...

That comment was excellent, Fonz.

Thu, 03/13/2014 - 14:02 | 4543977 teslaberry
teslaberry's picture

this was funny. 

this is what million dollar bonus should have been. instead he was jerkwad. 

Thu, 03/13/2014 - 08:51 | 4542366 Arius
Arius's picture

btw, ZH might also cover the other side of the story ... how many tens of thousands of traders are eating $1000 pizza as we speak ???

just a suggestion, you dont have to go out of your way to actually do it ...

Thu, 03/13/2014 - 09:00 | 4542398 GMadScientist
GMadScientist's picture

And yet mugging them would be pointless beyond the immediate gratification I'm sure it would provide.

 

Thu, 03/13/2014 - 09:30 | 4542506 DeadFred
DeadFred's picture

You might get a piece of $1000 pizza if they're carry a takehome box.

Thu, 03/13/2014 - 09:20 | 4542476 astoriajoe
astoriajoe's picture

computers don't eat pizza.

Thu, 03/13/2014 - 08:19 | 4542278 HyBrasilian
HyBrasilian's picture

"Channeling Stocks" dot com graduate course... [He was 'right on track' to get his diploma]

Thu, 03/13/2014 - 08:23 | 4542296 NoDebt
NoDebt's picture

Trend Trading to Win.

Thu, 03/13/2014 - 08:16 | 4542282 Headbanger
Headbanger's picture

Why not just go to Palau instead??    Sheeesh!

Thu, 03/13/2014 - 08:17 | 4542284 GetZeeGold
GetZeeGold's picture

 

 

So far I see we need to ban nail guns, trains, high buildings, and steep embankments....am I missing anything?

Thu, 03/13/2014 - 08:20 | 4542288 HyBrasilian
HyBrasilian's picture

fonestar

Thu, 03/13/2014 - 08:25 | 4542302 Rory_Breaker
Rory_Breaker's picture

why not ban banksters?

 

if there are no banksters, then there won't be bankster suicides

Thu, 03/13/2014 - 08:41 | 4542351 DaddyO
DaddyO's picture

Banksters are the tough one to ban, there's just too many of them.

Guns are much easier even though there are tons of them made and sold every year.

CT tried to ban those awful guns and the pushback and refusal has been surprising.

Maybe the sheeple are waking up, this poor trader had other problems but just couldn't take it anymore.

Here's an old video reset with new subtitles.

https://www.youtube.com/watch?v=7kZmbulhEbg

We live in interesting times...

DaddyO

Thu, 03/13/2014 - 08:55 | 4542383 GetZeeGold
GetZeeGold's picture

 

 

CT tried to ban those awful guns and the pushback and refusal has been surprising.

 

Word is they have 350,000 armed and dangerous felons running around that place.

Thu, 03/13/2014 - 09:36 | 4542522 Big Corked Boots
Big Corked Boots's picture

Pffft. That's just in New Haven alone.

 - 322 -

Thu, 03/13/2014 - 10:06 | 4542634 401K of Dooom
401K of Dooom's picture

Yeah, 350,000 hedge fund managers that is.

Thu, 03/13/2014 - 09:01 | 4542401 forwardho
forwardho's picture

DaddyO, Here is another version of same clip.

Put together by our own KrispKritter. Very, Very funny.

https://www.youtube.com/watch?v=Nf_ZhB0WMv0

Thu, 03/13/2014 - 11:44 | 4543152 DaddyO
DaddyO's picture

The brains and talent around here is amazing...

DaddyO

Thu, 03/13/2014 - 08:24 | 4542299 Independent
Independent's picture

Ban air, it fuels fires

Thu, 03/13/2014 - 08:34 | 4542329 HyBrasilian
Thu, 03/13/2014 - 09:00 | 4542397 TheReplacement
TheReplacement's picture

Didn't one guy die in a car - ban cars.  I think someone hung themselves - ban rope, cable, neck ties, and anything else that can be fashioned as a noose.

Thu, 03/13/2014 - 09:22 | 4542479 astoriajoe
astoriajoe's picture

short HD.

Thu, 03/13/2014 - 12:05 | 4543271 e_goldstein
e_goldstein's picture

They don't need to ban trains.

The trains just need cattle catchers.

Thu, 03/13/2014 - 08:22 | 4542294 Millivanilli
Millivanilli's picture

Gofl claps~

 

Well played.

 

 

Thu, 03/13/2014 - 08:22 | 4542295 Millivanilli
Millivanilli's picture

Gofl claps~

 

Well played.

 

 

Thu, 03/13/2014 - 11:36 | 4543110 hunglow
hunglow's picture

Ticket to ride.

Thu, 03/13/2014 - 16:40 | 4544804 Catflappo
Catflappo's picture

Whoop-de-fucking-do!

How many farmers have committed suicide in the last six weeks?

How many teachers have committed suicide in the last six weeks?

How many checkout operators have committed suicide in the last six weeks?

etc.

 

And in any case... how is this a "banker"?

"Tata Motors managing director Karl Slym"

And... how is this a "banker"?

"a U.K.-based communications director"

 

ZH starting to make the tabloid press look like it reports hard facts every time.... Desperate!

Fri, 03/14/2014 - 02:27 | 4546784 monkeyshine
monkeyshine's picture

These messy suicides are just rude.  They delay everyone on the trains, and a bunch of people have to clean up the mess. A big hassle for everyone and extremely narcissistic for someone who wants to end it all.  Same with jumping off buildings. At least be kind enough to land on another building not in the street. Or jump off a bridge into the river, or the cold, cold sea.  Better still, imho, get yourself a shitload of smack and end your miserable life on a euphoric note.  Clean and easy.  All these "look at me now" deaths are just not doing it for me. 

Thu, 03/13/2014 - 08:07 | 4542258 Momauguin Joe
Momauguin Joe's picture

Keep 'em coming...

Thu, 03/13/2014 - 08:10 | 4542264 Sudden Debt
Sudden Debt's picture

the next train will arrive in 30 minutes

Thu, 03/13/2014 - 09:09 | 4542426 PT
PT's picture

Now you got me thinking.  Were there any banksters on that plane that went missing?

Thu, 03/13/2014 - 09:12 | 4542437 PT
PT's picture

Tyler, can you keep the dates on the tally?  We need to map and see where this thing goes parabolic.

Thu, 03/13/2014 - 08:09 | 4542261 Sudden Debt
Sudden Debt's picture

“Eddie was a great guy,”....

how original...

and if he had killed some people it would have been:

"Eddie was alway this sillent guy,"...

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