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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  • Freeda 2014-01-29 8:16:43 PM
    Sad to hear this. I'm currently looking to give up being an Independent Financial Advisor and just taking a job with a financial institution. The 24/7 for the past 7 years is enough. Granted I created the problem, where clients call or simply drop over to have me go over documents which has nothing to do with me. I became their go-to person for just about everything. I run a home based office and despite the office having a separate entrance and washroom, I would still have clients in my living room and kitchen. I'd like to have my house as just my home again. I'd like to have some time where it is just mine and not running to check emails and phone messages as soon as I'm out of a meeting.
    Being an IFB has allowed me to be a better single parent, but it's time for me to leave that hectic schedule behind.
    For what it's worth, meditation/yoga has kept me stress-free. I've found Raj Yoga works best for me.
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  • Me 2014-05-08 11:15:36 PM
    Highly doubt that Bmo employees have been made aware of this message in this article.
    Too many people working WAY more than their regular hours.
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