Skip to comments.28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides
Posted on 03/18/2014 8:18:11 AM PDT by Nachum
Bellando, a former investment bank analyst at JPMorgan, is the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations.
Several John Bellando emails were cited during testimony at the Senate Finance Committees inquiry into the banks losses during the infamous London Whale trade fiasco.
Kenneth Bellando who grew up in Rockville Center, LI, and was a Georgetown graduate worked as a summer analyst at JPMorgan while in school. Upon graduation in 2007, he was hired as an investment bank analyst and worked there for one year before moving on, according to his LinkedIn page.
The investment banker then went to Paragon Capital Partners, according to his LinkedIn page, until leaving at the end of 2013.
And so another young life is tragically taken before his time, the 11th financial professional to commit suicide in 2014, and the third in as many weeks. How many more to come?
In summary, 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 Midtowns 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.
Dead Pool updated
When I first heard that another banker had hoffed himself, the first thought that hit me was, “I wonder if he was with JPM.”
Wow someone off themselves with a nail gun. I suppose that needs to be banned or have some nail gun control.
Appears they may know something is coming down the pike. 1 suicide I will accept but not that many. I am sure they won’t be the last. I wonder what they have known.
I am aware of this story but I haven’t been following it closely. Has anyone tried to find links between all of these people?
I was in that world for a long time. I knew one guy who went missing shortly before an IPO that would have made him millions, but I can’t recall any suicides.
Are these Vince Foster “suicides?”
I’m with you... I have no clue what’s causing this...
I’m hearing there’s a huge shortage of nails these days.
Are these guys obtaining strong “suggestions” to kill themselves, do they know things we don’t such as impending Greatest Depression, or are these actually murderers shrouded as suicides?
Way too many now to be coincidences.
Roughly 39,000 people off themselves each year in the usa. 5.5 million people are employed in the banking and insurance industries. Figure half are
wankers bankers. that's 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year.
“Roughly 39,000 people off themselves each year in the usa. 5.5 million people are employed in the banking and insurance industries. Figure half are wankers bankers. that’s 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year. “
Thanks for taking the time to look this stuff up. I suspected this was the case, but didn’t care enough about it to do the legwork. I’m going to repeat your analysis on zerohedge as I have an login there.
I was surprised at that number of 39,000. I was thinking it was on the order of 20,000 to 25,000 (numbers I have a vague recollection of seeing).
What’s the source of the data. I’d like to go look at them.
I just looked on google. Don’t remember which of the many links had the final data.
Frequently stated by those proudly ignorant who lack even a basic understanding of statistics.
Also, people employed in the financial sector are 1.51 times more likely to commit suicide than an “average” person. CDC says about 170 per year I think? Couldn’t find the stats in a brief search.
Interesting. If its 170/yr or 335/yr looking at a dozen or so over the course of a couple of months and claiming a pattern just doesn’t hold water. It’s like listening to the anectodal “evidence” that anti-gunners invariably present at gun bill hearings. It isn’t a basis for anything.
The correlation is not spurious. You’d have to compare the recent spate of suicides to the general historical rate of suicide among young, healthy, successful investment bankers to get a better picture.
Joseph Farrell has been keeping tabs on this, and on possible links and causes:
Are you familiar with the gaussian distribution? or better still the concept of a distribution function?
Having had several graduate-level courses in statistics, yes, I am.
I don’t think the number of events we’re discussing here is sufficient for a Gaussian function to apply.
5.5 million people are employed in the banking and insurance industries. Figure half are wankers bankers. that’s 2.75 million bankers out of 320 million people in the usa or .8594%. If we apply this to the number of suicides we would expect 335 bankers to suicide every year.
These are investment bankers, a small group within the world of banking. There does not seem to be more than 100,000 world-wide.
Good, but apparently you haven't thought through the implications, namely that there is a finite probability that things will clump together. Since you're familiar with statistics then you'll know that the governing distribution here is poisson and if you split the events into time related blocks, then you'll know that there is a real probability that some time blocks will have more events than others.
Here. You'll need this to line your room and make your hat.
Here. You’ll need this to line your room and make your hat.
Why? You don’t comprehend stats?
I do. You obviously don't.