Ordinarily we would ignore the news of another banker’s death – after all these sad events happen all the time – if it wasn’t for several contextual aspects of this most recent passage.
- First, the death in question, as reported by the Stamford Daily Voice is that of Ryan Henry Crane, a Harvard graduate, who is survived by his wife, son and parents at the very young age of 37.
May he RIP.
- Second, Ryan Henry Crane was formerly employed by JPMorgan – a bank which was featured prominently in the news as recently as two weeks ago when another of its London-based employees committed suicide by jumping from the top floor of its Canary Wharf building.
- Third: Crane was an Executive Director in JPM’s Global Program Trading desk, founded in 1999 by an ex-DE Shaw‘er, a function of the firm which is instrumental to preserving JPM’s impeccable and (so far in 2013) flawless trading record of zero trading losses.
There was little detail surrounding the death:
Ryan Henry Crane of Stamford died Monday, Feb. 3. He was 37.
Crane was born Jan. 8, 1977, and grew up in Long Valley, N.J. He graduated from The Delbarton School in Morristown in 1995. He graduated from Harvard University in 1999, after which he spent the next 14 years at J.P. Morgan in New York. He was an executive director in the Global Equities Group.
Crane is survived by his wife, Lauren (nee Pizzotti); son, Harry; parents Mary Jo and Lex of Long Valley, N.J.; brother, Lex of Denver, Colo.; sister, Allison; brother-in-law, John Archard of Arvada, Colo.; parents-in-law, Steve and Carol Pizzotti of Reading, Mass.; brothers- and sisters-in-law, David and Heather Pizzotti of Upper Arlington, Ohio, Stephen and Kristin Pizzotti and Chris and Felicia Pizzotti of Reading, Mass.; five nephews, three nieces; aunts, uncles; and cousins.
Calling hours are Sunday, Feb. 9 from 3 to 7 p.m. at the Leo P. Gallagher Funeral Home, 31 Arch St., Greenwich. A Mass of Christian Burial will be held at 11 a.m. Monday, Feb. 10 at St. Catherine of Siena Church, Riverside. Interment will be held at 1 p.m. Tuesday, Feb. 11 at Puritan Lawn Memorial Park in Peabody, Mass.
Crane’s LinkedIn profile confirming his senior position at one of JPM’s most important market-facing verticals:
Below is his Finra BrokerCheck profile. Aside from having a license to trade virtually anything and anywhere as someone with his skillset would be expected to, his history was spotless:
The circumstances surrounding his death are scarce, but what is most notable is that not only is Crane the second very young JPMorgan banker to pass in recent days, but is also the fourth banker death in under a month. We can only hope this disturbing chain of deaths within the financial industry – one of which involved a nail-gun induced suicide – is purely accidental.
h/t SGT Report
Gabriel Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof.
A few days later, Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police described as a suicide. Dueker was reported missing on January 29 by friends, who said he had been “having problems at work.”
On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging at a house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.”
Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was also found dead last week after apparently shooting himself with a nail gun.
Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown.
Third Banker Commits Suicide Within a Week | mediachecker – Jan 31, 2014
Two top ranking American bankers working in … – mediachecker – Jan 29, 2014
Connection(s): Ryan Crane- JPM – access to international trading systems – head of the program trading desk where he over-saw all the program trades and was familiar with all the software – trade platforms, where these trades were done. This job works closely with the London desk where the most recent suicide happened – Gabriel Magee – JPM – access to the international trading systems – his job was head of IT and international trade platforms where he had access to information from which Ryan Crane was also privy. What if there was sabotage or neglect to the IT system perhaps used as a cover for something more sinister.
The Royal Bank of Scotland apparently had massive problems with their IT system which they claimed was neglect. And Barclay Bank. One must also remember that the fallout of AIG and Enron pretty much originated in London.
Note: The only viable money left in the US, what the government haven’t gotten their hands on, are the 401ks and IRAs of the American people. Obama’s State of the Union address touched on a plan for Americans to have a retirement account with the government – this will be used as a step for the government to later make a grab for American’s 401ks and IRAs. What they will try to do is trade our investments for US government debt so Moochelle can wear $12,000 dresses (put a few snakes on her head and she’s Medusa). Anyway, beware of the “I’m from the government and here to help you” spin.
JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA – 2/12/14 | Pam Martens (excellent info)
Third Banker Commits Suicide Within a Week – January 31, 2014
Why Are Banking Executives In London Killing Themselves? – January 28, 2014