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Banker Suicides Return: DSK's Hedge Fund Partner Jumps From 23rd Floor Apartment

Tyler Durden's picture




 

The summer, thankfully, has been largely bereft of the dismal trend of bankers committing suicide, but as Bloomberg reports, Thierry Leyne, a French-Israeli banker and partner of Dominique Strauss-Kahn, the disgraced former chief of the IMF, was found dead Thursday after apparently taking his own life by jumping off the 23rd floor of one of the Yoo towers, a prestigious residential complex in Tel Aviv. This is the 16th financial services executive death this year.

 

 

Bloomberg reports that Thierry Leyne, the French-Israeli entrepreneur who last year started an investment firm with former International Monetary Fund Managing Director Dominique Strauss-Kahn, has died. He was 48.

Leyne died yesterday in Tel Aviv, according to his assistant at the firm, who asked not to be identified. Le Figaro newspaper reported that he committed suicide.

 

Last year, Leyne joined Strauss-Kahn in establishing the Paris-traded firm Leyne, Strauss-Kahn & Partners after the former IMF head bought a 20 percent stake to help develop the investment-banking franchise of Leyne’s company, Luxembourg-based Anatevka SA. Leyne had taken Anatevka public in March 2013 before joining forces with Strauss-Kahn, commonly referred to in France as DSK.

 

The new partnership -- usually called LSK & Partners by using both men’s initials -- was part of Strauss-Kahn’s efforts to rebuild his post-IMF life after he was charged in 2011 of criminal sex, attempted rape, sexual abuse, unlawful imprisonment and the forcible touching of a chambermaid at the Sofitel hotel in Manhattan. Strauss-Kahn denied the charges, which were later dropped. He settled the maid’s lawsuit in 2012.

And NYTimes adds,

Mr. Leyne, 48, jumped off the 23rd floor of one of the Yoo towers, a prestigious residential complex, according to Israeli officials.

Leyne's Background:

Leyne, who resided in Tel Aviv, built his career as a financier in France, Israel and Luxembourg. He founded the investment firm Assya Capital in 1994 and listed it on Euronext in Paris in 2001. Leyne merged the business with Global Equities Capital Markets in 2010 to provide financial advice and private banking to clients in eastern Europe, Le Figaro reported.

 

Anatevka, which had a market value of 50 million euros ($63 million) when Strauss-Kahn purchased his stake, controlled the merged entity, known as Assya Compagnie Financiere, offering asset management, brokerage, corporate finance and capital investment. Anatevka had a staff of about 100 people in six countries -- Luxembourg, Belgium, Monaco, Israel, Switzerland and Romania -- in September 2013.

 

In 1996, Leyne founded the company Axfin, one of the first independent investment firms in France, according to the website of Assya Capital. Axfin listed on the Paris stock exchange in 1999 before it was bought by Nuremberg, Germany-based Consors Discount Broker AG. Leyne was the supervisory board chairman of Consors France until the end of 2002.

 

Leyne was born in September 1965, according to French public records. He held French and Israeli citizenship, Figaro said. He had an engineering degree from the Israel Institute of Technology in Haifa, his LinkedIn profile shows.

*  *  *

This is the 16th financial services executive death this year...

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

14 - Lydia _____, 52 - jumped to her suicide from the 14th floor of Bred-Banque Populaire in Paris

15 - Julian Knott, 45 - killed wife and self with a shotgun in Jefferson Township, New Jersey

16 - Thierry Leyne, 48 - jumped from 23rd floor apartment in Tel Aviv.

 

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Fri, 10/24/2014 - 13:15 | 5372913 HardlyZero
HardlyZero's picture

Someone must have made a pass on him...hmmm.

All part of the same crap...all these hedgies and financiers who make huge bets, many fail and crap out of their synthetic systems.

Fri, 10/24/2014 - 12:11 | 5372587 gwar5
gwar5's picture

Movie 'Jumpers' wasn't anything like this.

Fri, 10/24/2014 - 12:13 | 5372591 LFMayor
LFMayor's picture

Dammit, he got it all wrong   It's supposed to be the "OHHHH Yeahhhhh"  Kool-Aid (ebola) Man, not the fuckin Nestea Plunge!

Fri, 10/24/2014 - 12:20 | 5372630 RealityCheque
RealityCheque's picture

Jump, all of you banker cunts. JUMP!!!!

Fri, 10/24/2014 - 12:22 | 5372643 dust to dust
dust to dust's picture

 When does Jon Cozine show up on this list?

Fri, 10/24/2014 - 17:14 | 5374170 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Corzine appears on the list after John Paulson and not before.

Fri, 10/24/2014 - 12:30 | 5372689 kchrisc
kchrisc's picture

Dear banksters,

You can fly. Try it, you'll like it.

An American, not US subject.

Fri, 10/24/2014 - 12:34 | 5372710 Son of Loki
Son of Loki's picture

oi vey!

Fri, 10/24/2014 - 12:35 | 5372722 WOD
WOD's picture

A banker.. AND Jewish? Say it isn't so!

Fri, 10/24/2014 - 12:39 | 5372743 Otto Zitte
Otto Zitte's picture

With no insurance to prevent this? Impossible!

Fri, 10/24/2014 - 14:53 | 5373517 assistedliving
assistedliving's picture

What a pleasure to be surrounded by all these ZH archangels that obey every traffic law, help old ladies cross the street and raise angelic children. 

See you in church, temple, mosque, synagogue or more likely...in hell

Fri, 10/24/2014 - 16:36 | 5374031 Otto Zitte
Otto Zitte's picture

You realize that according to the Talmud the end times is when all the gentiles are exterminated and the New Age is their time? Go help your boss kill your family, ziotard.

Fri, 10/24/2014 - 12:44 | 5372778 Lmo Mutton
Lmo Mutton's picture

"Which is worse; pavement, nail gun or snow plow?"

Anything is more entertaining than Colonel Mustard in the library with the candlestick.

Fri, 10/24/2014 - 12:56 | 5372836 HandyCrapper
HandyCrapper's picture

A jew with a conscience?

Fri, 10/24/2014 - 13:07 | 5372885 kchrisc
kchrisc's picture

Now that's a "return" I could support.

A non "return" able American, not US subject.

 

"Now, if we can just get the banksters to think that they're lemmings or something."

Fri, 10/24/2014 - 13:10 | 5372899 hal0bender
hal0bender's picture

Good, another joo banker we don't have deal with.  Now only if his brethren would follow suit.

Fri, 10/24/2014 - 13:11 | 5372905 eeaton
eeaton's picture

The beauty of corporate owned life insurance, a bit of a boost to earnings this quarter.

Fri, 10/24/2014 - 13:29 | 5373006 Redhotfill
Redhotfill's picture

Calling B. Masters ...

Fri, 10/24/2014 - 13:30 | 5373014 Sick
Sick's picture

I guess they do not want to take chances with other ways of removing a problem.

Fri, 10/24/2014 - 13:33 | 5373022 Joaquin
Joaquin's picture

You have to understand, in banker talk "Jump" and "Thrown" are synonyms.

Fri, 10/24/2014 - 13:36 | 5373048 Grinder74
Grinder74's picture

We must pass sensible high-rise control now!!!!!! No one needs more than 6 or 7 floors on their building.  No more 23-floor assault buildings!!!!!!!!!!!!!!!!!!!!!!!

Fri, 10/24/2014 - 13:54 | 5373050 tony wilson
tony wilson's picture

talmudick tora bora bankers

as lemmings jumping head first

from high rise .

ribs n guts on tel aviv floors

jesus lives

praise the lord

satan is on the rope a dopes

 

fuck you zion

and stick that black cube up your arse

 

Fri, 10/24/2014 - 13:43 | 5373089 TheMuppet
TheMuppet's picture

Spring!   https://www.youtube.com/watch?v=9jbKRgWWml4

Auf einer Brücke ziemlich hoch

Hält ein Mann die Arme auf
Da steht er nun und zögert noch
Die Menschen strömen gleich zuhauf
Auch ich lass mir das nicht entgehen
Das will ich aus der Nähe sehen
Ich stell mich in die erste Reihe
und schreie
Der Mann will von der Brücke steigen
Die Menschen fangen an zu hassen
Bilden einen dichten Reigen
Und wollen ihn nicht nach unten lassen
So steigt er noch mal nach oben
Und der Mob fängt an zu toben
Sie wollen seine Innereien
Und schreien

Spring
Erlöse mich
Spring
Enttäusch mich nicht
Spring für mich
Spring ins Licht
Spring
Jetzt fängt der Mann zu weinen an
Heimlich schiebt sich eine Wolke
fragt sich Was hab ich getan
vor die Sonne es wird kalt
Ich wollte nur zur Aussicht gehen
die Menschen laufen aus den Reihen
und in den Abendhimmel sehen
Und sie schreien
Spring
Sie schreien
Spring
Erlöse mich
Spring
Enttäusch mich nicht
Spring für mich
Spring ins Licht
Spring
Heimlich schiebt sich eine Wolke
vor die Sonne es wird kalt
Doch tausend Sonnen brennen nur für dich
Ich schleich mich heimlich auf die Brücke
Tret ihm von hinten in den Rücken
Erlöse ihn von dieser Schmach
und schrei ihm nach
Spring
Spring
Erlöse dich
Spring
Enttäusch mich nicht
Spring für mich
Spring
Enttäusch mich nicht
Fri, 10/24/2014 - 14:02 | 5373188 bardot63
bardot63's picture

Just like a banker....make a mess for someone else to clean up.  A real man blows his brains out with a Makarov 9mm poolside in the back acreage, sitting near the tennis court, leaving a half bottle of port still on the outdoor settee.  Tsk tsk........I thought the Fed induced DOW and S&P was supposed to take care of all the poor rich kids problems....looks like someone got greedy. 

Fri, 10/24/2014 - 14:35 | 5373409 Downtoolong
Downtoolong's picture

He discovered all the income from the firm’s holdings in the Hookers and Blow ETF (HOOKAB +1.2%) was coming from DSK’s expense account.

Fri, 10/24/2014 - 14:58 | 5373540 kiwidor
kiwidor's picture

23 Skidoo

Fri, 10/24/2014 - 15:04 | 5373568 css1971
css1971's picture

Well. I'll drink to that.

Fri, 10/24/2014 - 15:28 | 5373706 Shirley Swanepoel
Shirley Swanepoel's picture

AMEN!!!!

Fri, 10/24/2014 - 16:01 | 5373872 Buster Cherry
Buster Cherry's picture

I wonder how much life insurance DSK had on this guy.

Fri, 10/24/2014 - 19:48 | 5374689 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

must of fucked with the wrong bull

 

maybe he got a conscience?

Fri, 10/24/2014 - 20:17 | 5374787 red1chief
red1chief's picture

Anyone thinking of exposing Ponzi schemes should stay away from tall buildings, because such thoughts will make you dizzy. Be carefull around nail guns as well, they may backfire.

Sat, 10/25/2014 - 05:11 | 5375748 The Reich
The Reich's picture

New arrival:

 

41 y-o Calogero Gambino from Deutsche Bank, self-hanged on Oct 20,2014 in NY

Sat, 10/25/2014 - 07:15 | 5375827 wstrub
Sat, 10/25/2014 - 08:21 | 5375885 D7z
D7z's picture

And another one bites the dust

"The German bank has lost in the US one of its top lawyers. According to a report of the "Wall Street Journal" the 41-year-old Calogero Gambino was found dead in New York last Monday. Thus everything points to suicide."

https://translate.google.com/translate?sl=de&tl=en&js=y&prev=_t&hl=en&ie...

Sat, 10/25/2014 - 14:23 | 5376659 natty light
natty light's picture

I don't remember suicides during 2008 crash; this is all fishy.

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