News of fourth top banker death this week


Sad to report.

Bloomberg News reports that Miklos Kormos, Deutsche Bank’s London-based head of corporate finance for central and eastern Europe, Israel and Turkey, has died. He was 51.

He died of cancer in December, the bank said in a memo to employees. The statement was confirmed by a person familiar with its contents who asked not to be identified because he wasn’t authorized to discuss the death of an employee.

In 2007, Kormos joined Deutsche Bank as a managing director after the company acquired his banking boutique New Europe Capital Partners.

Earlier this week, Bloomberg also reported that Robert W. Norton, who spent 29 years in equity-sales marketing for Lehman Management Co. and its successor firms, died in a motorcycle accident on December 31st. He was 61.

Norton was thrown from his 2006 Harley-Davidson Ultra Classic when it collided with a 2009 Mini Cooper that had turned into his lane of travel on Congress Avenue in Boca Raton, Florida, according to a report by the Palm Beach County Sheriff’s Office.

We also heard that Jack Cunningham, who oversaw $18bn in assets as Chief Investment Officer at J&W Seligman & Co. when he retired in 2008 after Ameriprise Financial Inc. bought the firm, died. He was 49, and had been battling a brain tumor for six years.

Finally, there was Thomas Chrystie, the Merrill Lynch & Co. executive who developed the Cash Management Account, a 1970s innovation that drove the firm’s growth into a full-service financial provider, who died at age 80.

Deutsche Bank Eastern Europe Corporate Finance Head Died


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