Banker suicides leave sector concerned as coroners probe

Posted on March 31, 2014

Coroners in London are preparing to investigate two apparent suicides as unexpected deaths by finance workers around the world have raised concerns about mental health and stress levels in the industry.

The inquest into the death of William Broeksmit, 58, a retired Deutsche Bank risk executive found dead in his London home in January, will start today. The inquest for Gabriel Magee, a 39-year-old vice-president in technology operations at JP Morgan Chase, who died after falling from the firm's 33-storey London headquarters, is scheduled for late May.

The suicides were followed by others around the world, including at JP Morgan in Hong Kong. The financial world's aggressive, hard-working culture may be hurting itself, professionals advising on mental health in the industry say.

Banks are starting to realise the scale of the problem, said Peter Rodgers, chairman of the City Mental Health Alliance, which counts Morgan Stanley, Bank of America, Goldman Sachs, and Linklaters among its members.

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Category(s):Stress Management, Suicide Prevention

Source material from South China Morning Post

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