Deutsche Bank-er Explains Why He Committed Suicide

Tyler Durden's picture




 

The dismal list of financial executive deaths has recently increased to 11 in the last few months. Speculation has surrounded many of these deaths (and suicides) as to the reasoning; none more than the first - William Broeksmit, an executive who worked in Deutsche Bank's risk function and advised senior leadership who hanged himself in his South Kensington home in late January. However, as the WSJ reports, we now know why this poor man felt compelled to take his own life: he was "anxious about various authorities investigating areas of the bank where he worked" (and yes, we are well aware of the grammatical and temporal impossibilities suggested by this article's title).

Via WSJ,

While a Deutsche Bank spokeswoman said Tuesday that "Bill was not under suspicion of wrongdoing in any matter," according to statements read at a coroner's inquest in London, the former senior executive at Deutsche Bank, who committed suicide in late January, was concerned about investigations into the German bank.

 

William Broeksmit, an executive who worked in the bank's risk function and advised the firm's senior leadership, was "anxious about various authorities investigating areas of the bank where he worked," according to written evidence from his psychologist, given Tuesday at an inquest at London's Royal Courts of Justice.

 

Mr. Broeksmit, an American born in Chicago who retired from Deutsche Bank in February 2013, hanged himself at his London home on Jan. 26, according to a statement read at the coroner's inquest.

 

...

 

A close colleague of Deutsche Bank co-Chief Executive Anshu Jain, Mr. Broeksmit was expected to be appointed the bank's chief risk officer in 2012, but the move was vetoed by BaFin, the German financial regulator, because of a lack of suitable experience, people familiar with the matter said at the time.
...

Ms. Wilcox, citing written medical evidence from Mr. Broeksmit's doctor and psychologist, said the executive was sleeping badly during the summer of 2013, and his "self-esteem had been greatly undermined." He was also trying to stop smoking cigars and his alcohol intake was high, according to a medical report.

Here are all the recent untimely financial professional deaths we have witnessed in recent months:

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

 

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.

One can only wonder how many of these unfortunate deaths were due to the similar "investigation" concerns.

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Tue, 03/25/2014 - 15:51 | 4591434 LawsofPhysics
LawsofPhysics's picture

Distractions, we want the blood of the real perps...

Tue, 03/25/2014 - 15:53 | 4591443 Dr. Sandi
Dr. Sandi's picture

Yes, but They want the blood of young virgins.

Tue, 03/25/2014 - 16:03 | 4591476 Confused
Confused's picture

Or the tears (ie hardwork and future productivity) of the unborn masses. 

Tue, 03/25/2014 - 16:19 | 4591544 Pladizow
Pladizow's picture

I call bullshit - this wreaks of a set up.

Tue, 03/25/2014 - 16:23 | 4591564 Troll Magnet
Troll Magnet's picture

Perhaps all these dead fuckers were willing to spill the beans.  Or were spilling the beans and the N S A came to TPTB's, um, "rescue."

 

#suicided

Tue, 03/25/2014 - 17:41 | 4591823 weburke
weburke's picture

to imagine there are areas the families dont control is foolish. snowden is to make people think there is a free media, fbi, cia, nsa, media, controlled since inception. over 1000 japanese financial guys were suicided in 89 era. (the japanese guys were forced to write -i killed myself- notes.) The big guys have been at WAR for centuries, dont think otherwise.

Tue, 03/25/2014 - 17:54 | 4591895 Rafferty
Rafferty's picture

I'd love to know how you know all of this.

Tue, 03/25/2014 - 18:38 | 4591989 weburke
weburke's picture

. answer was timed out !

Tue, 03/25/2014 - 19:44 | 4592235 knukles
knukles's picture

I think its easier to connect some dots on these guys than it is on the disappearing Malay flight.

Tue, 03/25/2014 - 21:46 | 4592570 The Vineyard
The Vineyard's picture

Tits and ass, bitches.  Tits and ass.

Tue, 03/25/2014 - 18:52 | 4592075 lemonobrien
Tue, 03/25/2014 - 20:22 | 4592333 BigJim
BigJim's picture

The finance industry is large - there are hundreds of thousands of people working in it - and stressful.

Tyler - is there any reason to believe the number of banker suicides is more than to be expected in an industry this big and stressful?

Tue, 03/25/2014 - 18:39 | 4592023 HelluvaEngineer
HelluvaEngineer's picture

You are likely right.  I suspect there are agents within our midst trying to save our country.  They are reaching out to these asshats trying to get hard evidence.

The problem?  Talk to them and the TIA grid knows...

Tue, 03/25/2014 - 16:25 | 4591571 sodbuster
sodbuster's picture

High alcohol intake- smoking? That takes in a good share of the ZHer's!!

Tue, 03/25/2014 - 16:30 | 4591595 Chief KnocAHoma
Chief KnocAHoma's picture

What do you call 11 dead bankers?

Too slow of a start.

Tue, 03/25/2014 - 16:44 | 4591642 Stanley Kubrick
Stanley Kubrick's picture

He was trying to stop smoking cigars.....poor fucker, that's the problem right there.

Per Kipling (Betrothed):  a woman is only a woman, but a good Cigar is a Smoke

Might have to go celebrate this joker's passing with a cigar right now.....

 

 

Tue, 03/25/2014 - 17:56 | 4591883 Lore
Lore's picture

Prisons must hold numerous bank employees nowadays. Is it possible that this man feared reprisal from fellow inmates who worked with him previously?

Tue, 03/25/2014 - 18:31 | 4591997 mtndds
mtndds's picture

is this the famous sodbuster from the bmx website???

Tue, 03/25/2014 - 21:48 | 4592574 sodbuster
sodbuster's picture

Famous or infamous? LOL! Must not be- I have no clue what bmx refers to. Sorry.

Tue, 03/25/2014 - 17:06 | 4591723 Stoploss
Stoploss's picture

No!! It's the first apparent suicided note..

Tue, 03/25/2014 - 17:23 | 4591779 DIgnified
DIgnified's picture

Im sorry, I have to.  

 

 

"Wreak"-verb

 1. cause (a large amount of damage or harm).

 

"reek"- adjective

 1  :   chiefly dialect :  smoke

2 :  vaporfog 3 :  a strong or disagreeable fume or odor
Wed, 03/26/2014 - 07:09 | 4593114 Bearwagon
Bearwagon's picture

As in: "This so doesn't reek!"  ;-)

Tue, 03/25/2014 - 16:30 | 4591591 Kirk2NCC1701
Kirk2NCC1701's picture

"They want Virgins".  Funny, but not true.  They just want your blood, and that of your kids. 

Till they do get it, they'll settle for your/their sweat and toil.

Tue, 03/25/2014 - 18:58 | 4592090 MeelionDollerBogus
MeelionDollerBogus's picture

I'm positive there's a quarterly bonus boost for popping your debt-cherry into homelessness.

Tue, 03/25/2014 - 16:08 | 4591500 Rainman
Tue, 03/25/2014 - 18:00 | 4591909 Rafferty
Rafferty's picture

40 years ago or so this really was a fine institution.....well for a bank anyway.  What happened?

Tue, 03/25/2014 - 18:22 | 4591962 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

The loss of real money. Once you undertake fraud, fraud becomes ones primary duty. How can any person stay employed in a full scale ponzi, with full knowledge that what they are doing is wrong, not become lost?

Any person who has taken a tangible item from another, where that item became the property of another from fiat creation, must at their core understand this is theft. Once a thief always thief. So where does theft stop? It does not. And this is where the world of finance is today. Theft, lies, stealing, the taking form another because you can, much like the government. Absolute and total corruption which can not be fixed unless we return to sound money. That will not happen without a crisis the likes of which will make the Great Depression seem like a cake walk.

This man killed himself because he was afraid of getting caught or more afraid of family and friends learning that he was a criminal. He did not kill himself because he wanted to make amends or do the right thing by letting others learn what the Bank has done.

Tue, 03/25/2014 - 20:40 | 4592381 Papasmurf
Papasmurf's picture

If they kill themselves, it's to end an investigational trail there.  If they are suicided, it's pretty much the same reason.

Wed, 03/26/2014 - 01:48 | 4592952 Herd Redirectio...
Herd Redirection Committee's picture

Exactly.  A person can allege whatever they can dream up.

But a person that can prove it...  In a court of law?  Those kind of people are treated as Stalin would: "No man, no problem".

Tue, 03/25/2014 - 18:50 | 4592065 MeelionDollerBogus
MeelionDollerBogus's picture

selling raw milk?

Tue, 03/25/2014 - 16:17 | 4591537 sgt_doom
sgt_doom's picture

Several facts they neglected to mention:

Dickenson (Swiss Re) was a former JPMorgan Chase dood, also.

Interesting to note that Broeksmit, Dueker and Talley all attended Northwestern University around the same time frame?

(Oh yeah, and I'm betting MH370 is in a hangar on Diego Garcia, where its last heading would have taken it had it not turned south, according to Immarsat, owned by several hedge funds, Harbinger Capital [Phil Falcone] and Apax Partners.)

Tue, 03/25/2014 - 23:43 | 4592805 TheReplacement
TheReplacement's picture

THANK YOU!!!

And add Barclay's to the list?  http://www.dailymail.co.uk/news/article-2588988/Bankers-son-accidentally-killed-slipped-trying-enact-Tudor-hanging-upcoming-school-play.html  And Corzine's son was offed.  By his own hand or another's, who knows?

I don't think this is a truth and justice rebellion.  This seems to be more like Chicago Mafia.

Tue, 03/25/2014 - 16:42 | 4591631 Berspankme
Berspankme's picture

Dead men don't tell tales

Tue, 03/25/2014 - 16:46 | 4591651 drendebe10
drendebe10's picture

The Punisher has returned and it's just the start!!!  Go Punisher!!!

Tue, 03/25/2014 - 16:55 | 4591686 OldPhart
Tue, 03/25/2014 - 18:00 | 4591910 cougar_w
cougar_w's picture

Okay I think I will:

http://madscienceunlimited.com/fiction/story_theCornerOffice.html

Well maybe not quite. Dammit but a girl misses out on more hot meals that way.

Wed, 03/26/2014 - 07:10 | 4593115 Bearwagon
Bearwagon's picture

ALL of you!

Tue, 03/25/2014 - 16:58 | 4591694 Payne
Payne's picture

Banker elite is so arrogant, they would never volunteer to end the party. They would suicide afterwards but not prior to the fat lady singing.

Tue, 03/25/2014 - 18:46 | 4592045 MeelionDollerBogus
MeelionDollerBogus's picture

Since all the banker elites say global warming is a hoax maybe we should tell them caviar is about to go to almost zero availability & mock-caviar produced from pink slime will take its place, due to global warming.
Then say "or, there's a noose in the back of the restaurant if you'd like a personal fitting"

Tue, 03/25/2014 - 18:54 | 4592078 sessinpo
sessinpo's picture

MeelionDollerBogus     Since all the banker elites say global warming is a hoax

---

Not so fast.

http://www.worldbank.org/en/topic/climatechange

After all, there is money to be made by banks in that sector too

Wed, 03/26/2014 - 04:50 | 4593061 MeelionDollerBogus
MeelionDollerBogus's picture

Indeed! A bankster isn't a bankster without being on all 3 sides of a trade - buy, sell, Corzine.

Tue, 03/25/2014 - 19:01 | 4592108 tempo
tempo's picture

Candy crush game maker King sets IPO value at $750 million. similar to 2000 NDX peak IPO values on March 27, 2000 which all collapsed. Could it happen again??

Tue, 03/25/2014 - 19:35 | 4592209 lod
lod's picture

These events are 370ish...somethings bad wrong.

Tue, 03/25/2014 - 15:51 | 4591435 madcows
madcows's picture

so he was doing illegal banking activities and killed himself instead of ratting out the whole lot of them... seems fishy to me.

Tue, 03/25/2014 - 15:59 | 4591465 101 years and c...
101 years and counting's picture

what authority can he go to without facing immediate imprisonment and sent for torture?  the bankers own the authorities.......

Tue, 03/25/2014 - 16:01 | 4591472 McMolotov
McMolotov's picture

What I want to know is why did Tyler underline "alcohol intake was high?" Does this mean I'm also at risk of being suicided by banker bosses for knowing too much?

Tue, 03/25/2014 - 16:14 | 4591522 TahoeBilly2012
TahoeBilly2012's picture

Cigars and alcohol go with blow, always did. 

Tue, 03/25/2014 - 16:25 | 4591572 Big Corked Boots
Big Corked Boots's picture

 

 

2006: booze, bitches and blow

2009: beans, bullets and bullion

2014: (not sure yet but still have leftovers from 2009)

Tue, 03/25/2014 - 16:27 | 4591580 Save_America1st
Save_America1st's picture

now that was funny...

Tue, 03/25/2014 - 18:30 | 4591996 MeelionDollerBogus
MeelionDollerBogus's picture

Bears, bombs & Banzai7's

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