Sad to report.
Bloomberg News reports that he died on July 29, according to the website of Hellman Memorial Chapels in Spring Valley, New York. No cause was given. He lived in New City, New York, about 30 miles north of Midtown Manhattan.
Ro Bawa, Managing Director in charge of convertibles at Deutsche Bank in New York, said in a telephone interview Posnack was 'a legendary sales trader and a one-of-a-kind character'. They worked together for 10 years, until Posnack left Deutsche Bank in 2008.
'He was super chatty, on the phone 24 hours a day, often two phones to his ear', Bawa said. 'He loved it. He was made for this'.
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