An investment banker at JP Morgan jumped to his death from the roof of the bank’s headquarters in HK’s Central yesterday

Investment banker jumps to death from JP Morgan’s headquarters in Central

Tuesday, 18 February, 2014, 4:49pm

George Chen, Clifford Lo and Jeanny Yu

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An investment banker at JP Morgan jumped to his death from the roof of the bank’s headquarters in Central yesterday.

Witnesses said the man went to the roof of the 30-storey Chater House in the heart of Hong Kong’s central business district and, despite attempts to talk him down, jumped to his death.

Out of respect for those involved, we cannot yet comment further. Our thoughts and sympathy are with the family that’s involved at this difficult time

JP Morgan spokesman

Shocked witness said the 33-year-old – believed to be a junior-level employee at the bank – climbed onto the roof shortly after lunchtime.

Police said a man was found in a dangerous position on the roof of Chater House on Connaught Road Central at about 2pm. He threw himself off the building before emergency crews arrived.

He landed on the four-lane westbound carriageway outside the building. A police spokeswoman said the man was taken to Ruttonjee Hospital in Wan Chai, where he was declared dead at 2.31pm.

According to several JP Morgan employees, the man worked for the firm’s investment-banking business in Hong Kong.

An initial police investigation showed he had recently told a colleague he was under heavy work-related stress, according to a police source involved in the investigation. The police said no suicide note was found.

A spokesman for JP Morgan said: “A sad and tragic incident occurred at Chater House, Hong Kong today, which is currently being investigated by the police.

“Out of respect for those involved, we cannot yet comment further.

“Our thoughts and sympathy are with the family that’s involved at this difficult time.”

The news shocked the city’s financial community, as many were quickly informed of the tragedy via social media and real-time communications apps such as WeChat and WhatsApp.

The incident apparently also had some internal impact on JP Morgan’s business activities in Hong Kong.

According to one source, at least one business meeting was cancelled immediately after the suicide happened.

The incident forced police to block part of Connaught Road Central for about two hours, according to witnesses.

JP Morgan takes up the 20th to 29th floors of Chater House, one of the financial district’s landmark high-rises.

Chater House also carries the logo of JP Morgan on the top corner of the building.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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