Banker Death 'Epidemic' Spreads To China

Tyler Durden's picture

Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China's Banking Regulatory Commission (CBRC), died this morning due to a "sudden heart attack" - he was less than 49 years old. Li was among the main drafters on new "caveat emptor" market-based rules on China's shadowy banking system and recently said in an interview that "now is not only a time to control risk, but to transform the trust industry.. if it's too loose, it's a big problem." Li was found by his wife.


Via Caixin,

Li Jianhua, director of the CBRC AfDB died due to heart attack, still less than 49 years old. As planned, Li Jianhua this morning to attend a major industry conference.

According to several sources close to the CBRC said, Li Jianhua was revising to 12 o'clock at night.


Unexpectedly around 6:00 this morning, his wife found him passed away, due to sudden heart attack.


Both inside and outside China Banking Regulatory Commission expressed sorrow and regret.

Li was well-known as the author of major China Trust regulations...

Li Jianhua was born in July 1965, Hunan Yongxing, graduated from Wudaokou Finance Institute.


Li Jianhua was the main drafter of "one law two rules" or "People's Republic of China Trust Law," "Trust management approach" "Trust Capital Trust scheme management approach,"

It seems clear that Li was somewhat anti-bailout, preferring market forces to fix the trust industry...

Li Jianhua has made it clear for the new financial reporters that this understanding is wrong. No. 99 Wen emphasized that "sellers responsible" does not mean that the buyer can zero-risk, high-yield.


Now China has not yet Trustee Ordinance, if the trustee's duty to strengthen and plug loopholes flaws, accordingly, "caveat emptor" is also strengthened. This is the market rules.


For the trust industry has experienced many ups and downs rectification, Li Jianhua was believed that this industry is still promising, but trust industry needs to find new profit model, there is also the process of transformation...


"if too loose, I'm afraid to be a big problem."

This brings the sad list of senior financial services exectives who have died in the last few months to 13:

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.

12 - Jan Peter Schmittmann, 57, the former CEO of Dutch bank ABN Amro found dead at home near Amsterdam with wife and daughter.

13 - Li Jianhua, 49, the director of China's Banking Regulatory Commission died of a sudden heart attack

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Billy Sol Estes's picture

I was literally wondering when our daily banker death story was going to appear. Glad we made it before close of business.

gmrpeabody's picture

Were there any nails laying around...?

kaiserhoff's picture

Anyone else see, like, a pattern developing here, or is it just me?

aVileRat's picture

Bankers in tax havens & debt market advisors in currency speculation havens were getting the gears. Now on the other side we are starting to see the biggest fish who had exposure or wanted to fix those shifty loopholes/currency pools are suddenly finding a new reason to google: "bugout bag" and "death insurance".

Or whatever, correlation does not always best-fit the storyline.


Xibalba's picture

who takin' out the trash? 

old naughty's picture

"Anyone else see, like, a pattern developing here, or is it just me?"

Here, there, everywhere.

Anyone still think these ism-thingys are them vs us?

Wahooo's picture

Karma. And it's just getting started.

ACP's picture

If it is karma, I'm still waiting for the government bureaucrat/politician deaths to start.

JoeSexPack's picture

Got phone call from judge Hang Yu Soon...

Rainman's picture

They found him in the hot tub.

Spigot's picture

with a steel dart pinning his body to the tub wall ... and his heart stopped working

noob's picture

with a farewell letter nailed to his forehead.

Spigot's picture

and a fucking bill for materials and services rendered sent to his widow, too

neidermeyer's picture

I suppose the hair dryer was unnecessary then.

Spigot's picture

You can never be too careful about these things. Always good to have a back up plan in place. A well planned, assisted suicide never goes wrong.

Bastiat's picture

Maybe someone was "controlling risk."

kill switch's picture

The questions get harder and the pressure increases.....that's the game your in..

McMolotov's picture

The Breitbart Treatment™.

rtalcott's picture

 the terrible trail...

what's so terrible?

alien-IQ's picture

"Epidemic" makes it sound like it's a bad thing that these bankers are dying.

JuliaS's picture

Hardly an epidemic.

Knowing how many bankers there are in the world, the percentage of those affected by the sudden loss of life disease is lower than the interest rates in Japan.

If you go to FDIC website, you'll find out that more banks "die" each week than bankers.

Make_Mine_A_Double's picture

There is a massive purge going on in PRC for Bo Xilai Wing of party that extends deep into the military and business.

So when someone goes missing or turns up dead from unexplained circumstances that is the prism to look at it through.

css1971's picture

Can you plot the dates? Then we'll know if it's a beneficial trend or not.

silver surfer's picture

This is nothing!

French Telecom company Orange alone has 10 suicides so far this year.. 35 in 2008-2009

Dewey Cheatum Howe's picture

...Orange was formerly the state-owned France Telecom, which reported a similar wave of deaths between 2008 and 2009....

Why is this time frame critical to the surveillance state of the empire and which agency is part of the triumvirate of the big three?


Wahooo's picture

Dysfunctional corporate soulless existence. Some people chase it and then make the mistake of finding it.

Oldrepublic's picture

maybe that former zero hedge poster from Brussels can tell us about it!

AdrenalineTrade's picture

SkyNet became self aware earlier this year, and the algos are merely bumping off their competition.

german Wunderkind's picture

this dont look like murder... u die early when u do Cocain all day long...

noob's picture

Squeal bag! Squealster! Remington Squeal!

navy62802's picture

Eh ... I wouldn't call this phenomenon terrible. Curious, perhaps. But certainly not "terrible."

Hammerabi's picture

Bankers commit suicide too?


I thought it was just dentists?

Yen Cross's picture

  Sudden heart attack in the front seat of his running 'Red Flag' with a nail gun plugged into cigarette lighter...

buzzsaw99's picture

<-- this is all happening too fast

<-- this is all happening too slowly

Reaper's picture

A good contagion has developed.

DigDeepDown's picture

Has anyone done any research as to what links all these deaths together? Do the bankers have common views on certain policies? Were they agains the status quo? Or were they aligned with the central banks and neocons and did they perhaps "know too much"? 


There must be some info on this.. somwhere?

Racer's picture

Oh for a Pandemic.....

pirea's picture

it is going to be the highest risk profession.

when you lose rich people's money, you are dead.

ZeroFreedom's picture

We should have a seperate section to keep track of these events. However, is the nail gun made in China or can we export that back to them. 

Duc888's picture



....what's the vector?  Would be nice for the virus to head over here for a few thousand years.

caustixoid's picture

Chinese men, if they smoke, smoke like chimneys.  They can still smoke in their offices.  If this guy was a 3 pack-a-day smoker this actually isn't that shocking.  

Then again maybe the Chinese have closed another gap with the west, the Suiciding Gap.

ramacers's picture

the Licthenstein murder. was jurgen herrrman's body ever found?

Typing Typer's picture

Actually he's the second Chinese banker to die, remember that guy who jumped off the roof in Hong Kong.

boeing747's picture

We just 80% thru new bubble, it just can't pop right now, anybody on the way has to go.