It's that time of the year when we look back at some of the things that happened over the last 12 months. Here's a note of some of the financial professionals, many of them relatively young, who died. Gone, but not forgotten.
Ben Steele, who joined hedge fund Armajaro Asset Management LLP last year to start a pool trading shares of financial companies, died. He was 35.
He died of a suspected heart attack,
Stokley Towles, a mainstay in the Boston office of Brown Brothers Harriman & Co. credited with creating the bank’s global custody business, which now accounts for more than 70% of the firm’s employees, has died. He was 77.
Susan E. Carroll, who helped lead Morgan Stanley Bank for eight years, when its assets rose almost 15-fold, has died. She was 50.
Carroll died of an autoimmune liver disease.
George H. Weiler III, senior vice president for wealth-management services at UBS, died. He was 69.
He suffered a heart attack while playing tennis at the Bronxville Field Club in Bronxville, New York, where he lived.
Deborah Bernstein, who worked at Goldman Sachs, Pequot Capital Management and Aquiline Capital Partners in the 15 years since she graduated from Stanford University’s business school, died. She was just 41.
She died after a prolonged battle with breast cancer.
Marc Rich, the founder of Glencore and later fugitive who was controversially pardoned by President Bill Clinton on his last day in office, died in Switzerland. He was 78.
Herbert Allison Jr., the onetime president of Merrill Lynch who oversaw the U.S. government’s bank-bailout program following the financial crisis that led to his former company becoming a unit of Bank of America, died. He was 69.
Neal McCabe, a former global co-head of a Lehman Brothers unit whose career included working for Salomon Brothers, an heir to the Wal-Mart Stores fortune and a Texas oil company, died. He was 60.
He suffered a stroke two months earlier.
Bank of America intern Moritz Erhardt died of natural causes. The 21-year-old Erhardt sadly died on August 15th of an epileptic seizure.
Sally Dawson, a Deutsche Bank executive in London who specialized in high-yield and distressed-debt sales, has died. She was just 39.
The cause was metastatic breast cancer, which was diagnosed early this year.
Alfred Feld, the longest-serving employee at Goldman Sachs, with more than 80 years of service at the Wall Street bank, died in Palm Beach, Fla. He was 98.
His eight decades at Goldman spanned enormous change. When he started at the firm, in 1933, the country was still feeling the effects of the Great Depression.
Lawrence McCarthy, a Senior Managing Director at Cantor Fitzgerald who, as an executive at Lehman Brothers, was said to have predicted that credit-default-swap traders were 'working on bringing down the whole world', died. He was 49.
The cause was an aneurysm. McCarthy had been in ill health with a heart ailment, she said.
Bruce Wrobel, a prominent American investor in Africa who ran Blackstone Group's Sithe Global Power unit, died.
Wrobel appears to have been in his mid-to-late 50s.