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Parents of JP Morgan suicide worker furious at bank

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  • Gabriel Magee, a 39-year-old JP Morgan bank executive, died yesterday morning
  • The American threw himself off the top of the bank's London headquarters
  • His parents Bill and Nell Magee say they will travel from New Mexico to Britain to demand answers and collect their son's belongings
  • On Sunday, former Deutsche Bank senior manager, William 'Bill' Broeksmit, 58, was found hanging in his South Kensington home
  • Both deaths have been ruled non-suspicious by the Metropolitan Police
  • Magee had lived in London for seven years after transferring from the Unites States with JP Morgan
  • Broeksmit had been in London many years but still owned an apartment in an exclusive Central Park building in New York
  • Both were highly regarded by their bosses and colleagues

By Daniel Bates

PUBLISHED: 11:54 EST, 29 January 2014 | UPDATED: 12:11 EST, 29 January 2014

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The devastated parents of the American JP Morgan employee who threw himself 500ft to his death from the top of its London HQ have revealed that they will fly to Britain to 'get to the truth' of what happened.

Furious Bill and Nell Magee said they would be demanding answers from the investment bank as they revealed that nobody from the company had 'had the decency' to call them.

They said they spoke to their son Gabriel two weeks ago and that he gave no indication of being distressed - and was planning to have a family with his long term girlfriend, who is also American.

Gabriel fell from the top of the 33-storey JP Morgan skyscraper shortly after 8am on Tuesday.

Tragic: The parents of Gabriel Magee are demanding answers after he jumped from the top of JP Morgan's headquarters in Canary Wharf, London, to his death yesterday

Tragic: The parents of Gabriel Magee are demanding answers after he jumped from the top of JP Morgan's headquarters in Canary Wharf, London, to his death yesterday

The 39-year-old had been working for the company for nearly two decades having started out at the New York office and then moved to London six years ago.

His suicide was the second American banker within a week to kill himself in London.

Just two days earlier, on Sunday, William 'Bill' Broeksmit, 58, was found hanging in his South Kensington home.

Broeksmit - who retired last February - was a former senior manager at Deutsche Bank and had lived in London many years.

Gabriel was a vice president in the corporate and investment bank technology department and was a 'devoted employee', his family said.

Speaking from their home in Albuquerque, New Mexico, Nell, 74, sobbed uncontrollably as she said: 'I’ve lost my baby'.

She said: 'We are shattered beyond words. This was a young man, we cherished him. He was named after the angel Gabriel, the messenger who always had good news. He always brought us good news.'

Nell revealed that Gabriel was in a long term relationship with his girlfriend Veronica, whose family are from San Diego, and that they were planning a family together.

Her son was also a talented musician and loved playing his guitar.

Nell said: 'I want to know why JP Morgan has not had the decency to call me. I’ve spoken to the embassy, the coroner, the police.

'I want to know the truth. I want to know what happened. How was he (able to get) up there.'

Nell said that as far as she knew Gabriel was 'a happy person who was happy with his life'.

He and Veronica were not engaged but 'had an understanding' and were going to spend the rest of their lives together.

Nell said: 'There was no reason for him to up on that roof'.

Furious: The Magees said they would be demanding answers from JP Morgan, revealing that nobody from the company had 'had the decency' to call them after their son Gabriel plunged to his death

Furious: The Magees said they would be demanding answers from JP Morgan, revealing that nobody from the company had 'had the decency' to call them after their son Gabriel plunged to his death

Bill, 64, a former military pilot, said that he last spoke to his son two weeks ago and that he and Veronica seemed happy as they have been 'traveling extensively recently'.

He said: 'It was very comforting to see him in a relationship that he thought has longevity.'

Bill too was angry at JP Morgan said that telephone numbers for himself and his wife would have been in his son’s file with the bank.

He said: 'They have have bothered to say nothing which is very troubling. There should have some sort of casualty assistance officer.

'We are going to have to go over there and get his personal effects.'

Gabriel’s suicide sparked speculation that he might have been working too hard like Bank of America intern Moritz Erhardt.

The 21-year-old died in August toward the end of a seven-week internship at the bank's investment division in London after working 72 hours without sleep.

But Gabriel's parents revealed that he had recently started working four days a week instead of five, a deal his bosses were happy with.

His body was found on the ninth floor roof of the JP Morgan office, which serves as its European HQ.

He was named in an email sent to all JP Morgan staff Tuesday afternoon.

A company spokesman said: 'We are deeply saddened to have lost a member of the J.P. Morgan family at 25 Bank Street today. Our thoughts and sympathy are with his family and his friends'.

A source close to Gabriel said he was in 'good standing with his bosses and colleagues. He was well liked.'

Investigation: Scotland Yard said they were called to 25 Bank Street at 8.02 a.m. yesterday and detectives were not treating Gabriel Magee's death as suspicious

Investigation: Scotland Yard said they were called to 25 Bank Street at 8.02 a.m. yesterday and detectives were not treating Gabriel Magee's death as suspicious

Scene: Gabriel Magee, who'd worked for the company for nearly two decades,  fell from the top of the 33-storey JP Morgan skyscraper shortly after 8am on Tuesday

Scene: Gabriel Magee, who'd worked for the company for nearly two decades, fell from the top of the 33-storey JP Morgan skyscraper shortly after 8am on Tuesday

Scotland Yard said they were called to 25 Bank Street at 8.02 a.m. and detectives are not treating the death as suspicious.

'No arrests have been made and the incident is being treated as non-suspicious at this early stage', a spokesman for the Metropolitan Police said.

Canary Wharf workers were in shock today, with one trader telling MailOnline that his body lay on the flat roof until around midday.

'My colleague yelled that he could see that someone had jumped from the top of the building onto a lower roof. His body lay there uncovered for at least two hours,' he said.

Hundreds were looking out of their windows at him.

'It was bonus week at JP Morgan last week so I hope it wasn't to do with that'.

Another Canary Wharf worker who could see where the man fell told the Evening Standard: 'It’s upsetting what’s happened but the thought of somebody lying up there for four hours is awful.

'I got into the office at about 8.10 and the body was on the floor and there were police up there, and they put a white cover on him.

'I think he was in a suit. As far as I could see the was dressed appropriately, but there was quite a lot of blood, so me and my colleagues were a bit upset.'

Others tweeted what they saw that morning.

Amie Hughes-Gage said: 'Just watched the police finally remove that poor bankers body 4 and half hours later with only a white sheet over him.'

Hetal Patel tweeted: 'The 9th floor roof of JP Morgan is visible from my office window. For a long time the body was left cordoned & unattended'.

Another wrote online: 'It's not a nice view from my building. The body is on the rooftop of level 9. So sad'.

An air ambulance was sent to the scene but the man could not be saved.

'We were called to Bank Street to reports of a person fallen form a height', a London Ambulance Service spokesman said.

'We sent one ambulance crew, a duty officer, our hazardous area response team and London Air Ambulance to the scene. Sadly a man in his 30s was pronounced dead at the scene.'

JP Morgan's building has been the headquarters of the bank's Europe, Middle East and Africa (EMEA) operation since July 2012.

It used to be owned by Lehman Brothers until its collapse in 2008, and the area houses the headquarters of other banking giants including HSBC and Barclays.

On Sunday, former Deutsche Bank senior manager, William 'Bill' Broeksmit, 58, was found hanging in his home in South Kensington

On Sunday, former Deutsche Bank senior manager, William 'Bill' Broeksmit, 58, was found hanging in his home in South Kensington

Location: The body of William 'Bill' Broeksmit, 58, was found at his home in South Kensington, central London

Location: The body of William 'Bill' Broeksmit, 58, was found at his home in South Kensington, central London

The horrific tragedy came after the death Broeksmit Sunday, who apparently had close ties to co-chief executive Anshu Jain.

Jain and fellow co-chief executive Juergen Fitschen said in an internal memo: 'He was considered by many of his peers to be among the finest minds in the fields of risk and capital management.

'We are deeply saddened by Bill's death. He was a dear friend and colleague to many of us who benefited from his intellect and wisdom.

'Our thoughts and condolences are with his wife and family at this time. We will remember him for his contributions to Deutsche Bank, thoughtful advice and personal friendship.'

Broeksmit worked in investment banking - specifically risk and securities - and lived on exclusive Evelyn Gardens in South Kensington, which has an average property value of £1.9million ($2.3million).

He is also registered to a high-value property a stone's throw from New York's Central Park.

Broeksmit's name appears on U.S. government records for the Broeksmit Family Foundation, which is based in the palatial 1185 Park Avenue building.

The three-bedroom, three-bathroom apartment to which he is linked was worth $4.5million when it was last sold in June 2000.

He worked at Deutsche Bank from 1996 to 2001, then from 2008 until he retired. Broeksmit was also employed by Merrill Lynch for a period.

Broeksmit was one of around 100 bankers who left Merrill Lynch for Deutsche when its investment banking arm was founded in the 1990s.

He was involved in the process of rescuing the bank in the wake of the 2008 financial crisis, when many investment banks found their debts were 'toxic', and unlikely ever to be repaid.

Broeksmit, a renowned risk expert, assisted the bank's efforts to shift the worst of the debt, and reduce its total amount of lending.

Chiefs at Deutsche Bank had planned to promote  Broeksmit to its management board in 2012, but stopped when the German financial regulator expressed doubts about his experience as a leader.

Scotland Yard confirmed only that a 58-year-old man was found hanged.

A spokesman said: 'Police were called at 12.35 p.m. on Sunday to a man found hanging at Evelyn Gardens, SW7.

'Kensington and Chelsea police, ambulance and air ambulance all attended. A 58-year-old man was declared dead at the scene. The death is being treated as non-suspicious.'

If you live in the UK and are struggling with any issues and need someone to talk to, contact The Samaritans on 08457 90 90 90 or via email jo@samaritans.org.

In the US, call the Samaritans branch in your area or 1 (800) 273-TALK.

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