Canadian firms respond to suicide spree

Canadian firms respond to suicide spree

Canadian firms respond to suicide spree A spree of suicides by financial services executives has Canadian players following in the footsteps of their global counterparts, acknowledging the mounting pressure faced by investors and advisors – rated among the most stressful jobs on Wall Street, according to a recent survey.

A 39-year-old J.P. Morgan Chase & Co. employee jumped to his death Tuesday in Canary Wharf – one of London’s financial districts – according to police. Gabriel Magee was vice president in the investment bank’s technology department, reports the Wall Street Journal.  

A separate incident involved a UK-based, Swiss Re’s employee, Tim Dickenson, who died last week. The details of the ex-communications director’s death have not been released.

Additionally, last Sunday, London police found former senior executive at Deutsche Bank, William Broeksmit, 58, dead at his home in Chelsea, West London. The death appeared to be a suicide, according to the Wall Street Journal.

And, this is just in recent weeks.

Last August, Pierre Wauthier, the former finance chief of Zurich Insurance Group, committed suicide, leaving a note for the company’s chairman – who subsequently resigned from his position – saying the work environment was ‘unbearable.’ In addition, the head of compliance at Barclays PLC, Hector Sants, left his job due to exhaustion and stress, the bank described.

Last summer, a 21-year-old intern with the Bank of America in London died of an epileptic seizure, which may have been brought on by long hours, including working 72 hours straight. (Continued.)

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