Wednesday, 19 March 2014

Banker, 28, kills himself in ELEVENTH finance suicide this year (2014)




  • Kenneth Bellando jumped to his death on March 12
  • He worked at Levy Capital Partners and had previously trained as an analyst at JPMorgan and Paragon Capital Partners
  • His father John is the COO and CFO of Conde Nast and his brother is a CIO at JPMorgan; his emails were cited in the 'London Whale' hearings
  • At 28, Bellando is the youngest of the string of suicides by finance professionals who have killed themselves this year


  • There have been a spate of suicides amongst financial services employees since the beginning of 2014. They've occurred in London, the U.S., Singapore and Hong Kong. 
    1. William Broeksmit, a 58-year-old former senior executive for Deutsche Bank AG, was found dead in at home after apparently taking his own life in South Kensington in central London, on January 26
    2. Karl Slym, the 51 year old Tata Motors managing director was discovered dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27
    3. Gabriel Magee, the 39-year-old JP Morgan employee, whodied after plummeting from the roof of the JP Morgan European headquarters in London's Canary Wharf on January 27
    4. Mike Dueker, the 50-year-old chief economist of US bank Russell Investments was discovered dead near to the Tacoma Narrows Bridge in Washington State on January 31
    5. Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead on February 4 after apparently shooting himself with a nail gun.
    6. Tim Dickenson, who was a U.K.-based communications director at Swiss Re AG, died in late January, in as yet unexplained circumstances
    7. Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong on February 19
    8. James Stuart, the former National Bank of Commerce CEO was found dead in Scottsdale, Arizona on the morning of February 19. The cause of death has yet to be announced
    9. Autumn Radtke, the CEO of First Meta, a digital currency exchange firm who was found dead on February 28 outside her Singapore apartment.
    10. Ed Reilly, 47, a divorced father-of-three who worked as a trader at Vertical Group in Manhattan. He jumped in front of a Long Island Rail Road train on March 11
    11. Kenneth Bellando, 28, an investment banker at Levy Capital Partners jumped off his building in Manhattan's Upper East Side on March 12

    An investment banker has been found dead in an apparent suicide in Manhattan's Upper East Side.
    Kenneth Bellando's death is the latest in a spate of suicides by finance professionals both around the globe and in New York.
    He was found dead in a neighboring backyard after jumping off his six-story building at around 10.20pm on Wednesday March 12. 
    Police investigators told MailOnline that the case is still technically under investigation but there was no immediate suspicion of foul play and he was dead on arrival. 
    Bellando, 28, worked at Levy Capital Partners and was previously an investment bank analyst at JP Morgan and Paragon Capital Partners.
    He was raised in Long Island before attending and graduating from Georgetown University in D.C.
    He returned to New York after graduation and launched his career in finance.
    Kenneth was not the only one in the family to work in the business world.
    Scene: Bellando's body was found in the backyard of a neighboring building after he is believed to have jumped from the roof of his apartment building on the Upper East Side
    Scene: Bellando's body was found in the backyard of a neighboring building after he is believed to have jumped from the roof of his apartment building on the Upper East Side
    Latest: Kenneth, a Georgetown University graduate, is the 12th finance professional to kill himself this year
    Latest: Kenneth, a Georgetown University graduate, is the 12th finance professional to kill himself this year
    His father John Bellando is chief operating officer and chief financial officer at Conde Nast- and is listed just below famed editor Anna Wintour on the magazine company's executive team bio page.
    The New York Post reports that Kenneth's brother John worked at JPMorgan as the bank's chief information officer. 
     
    Because of his role and involvement in risk exposure valuations, some of John Bellando's emails were used as evidence in the Senate Finance Committee's hearings about the 2012 'London Whale' trading scandal.
    Kenneth's friends have begun posting photos and condolences on his Facebook page since his March 12 death, including some of Kenneth posing with his two sisters.
    High powered family: Kenneth's dad John Bellando (left) is the COO and CFO of Conde Nast and his brother John (right) is a CIO at JP Morgan and his emails were used as evidence in the Senate hearing on the 'London Whale' scandal
    High powered family: Kenneth's dad John Bellando (left) is the COO and CFO of Conde Nast and his brother John (right) is a CIO at JP Morgan and his emails were used as evidence in the Senate hearing on the 'London Whale' scandal
    High powered family: Kenneth's dad John Bellando (left) is the COO and CFO of Conde Nast and his brother John (right) is a CIO at JP Morgan and his emails were used as evidence in the Senate hearing on the 'London Whale' scandal
    Friends: In the wake of his death, friends have posted photos like this one on his Facebook page, where he is shown with his two sisters (second from left and far right) and friends
    Friends: In the wake of his death, friends have posted photos like this one on his Facebook page, where he is shown with his two sisters (second from left and far right) and friends
    His death came the day after another banker killed himself by jumping in front of a commuter train in Long Island.
    So far this year, there have been nine other apparent suicides by people who work in various financial roles around the globe, making Bellando's death the 11th in two and a half months.
    Bellando is the youngest of the deaths, having only graduated from college in 2007.

    http://www.dailymail.co.uk/news/article-2583385/Banker-28-kills-TWELFTH-finance-suicide-year.html#ixzz2wSi8cTHi

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