A 25-year-old Bank of America trader died of suspected cardiac arrest at a company event.
Adnan Deumic died suddenly on Thursday while playing futsal in a tournament with bank colleagues.
The young trader, who worked in the bank’s London office, collapsed and received CPR, a source said. told the New York Post.
“The death of our teammate is a tragedy and we are shocked by the sudden loss of a young and popular colleague,” a Bank of America spokesperson said.
“We are committed to providing our full support to Adnan’s family, his friends and our many employees who mourn his loss.”
Adnan Deumic died suddenly on Thursday while playing indoor soccer in a tournament with bench mates
The young merchant reportedly collapsed and was given CPR at a company event.
Deumic was based in the bank’s London office (pictured)
Deumic was under a great deal of stress at work, where he would be handling transactions of up to $1 billion, the Post reported.
“He probably worked 11 to 12 hours a day and those hours were incredibly intense… he didn’t have time for coffee,” the source told the publication.
Adding: ‘The stress he suffered was much greater than that of any other analyst and he could not take a day off.
“I was learning how to do all this when I was very new to the job.”
According to the source, Deumic was unhappy with the bank, which he claimed was not treating him well, and was trying to “exit.”
“He wasn’t happy, he was looking for other jobs,” the source explained.
No connection has been established between Deumic’s work and his death, and no official cause of death has yet been announced.
It comes just two weeks after another Bank of America employee died from an “acute coronary artery thrombus.”
Former Green Beret and Bank of America investment banker Leo Lukenas III, 35, died Thursday. He is survived by his wife and two children.
Lukenas is survived by his parents, his wife and his twin brother Les, who is also a Green Beret.
Leo Lukenas III, 35, died just a year into the grueling investment banking job and had been looking for a new job because he was working more than 100 hours a week.
The father of two and former member of the Army Special Forces moved into banking last summer in an attempt to “pursue new opportunities for his family,” according to loved ones.
The Brooklyn resident had reportedly recently worked on UMB’s $2 billion acquisition deal for Heartland Financial USA, Inc..
Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, managing partner at GrayFox Recruitment, told Reuters in an interview.
He is said to have expressed a desire to take a 10% pay cut in exchange for more sleep and was considering moving to a smaller “boutique” investment bank at the time of his death which he hoped would offer a better balance between work and life. personal life. .
While Lukenas’ death was officially attributed to “natural causes,” it has sparked claims from Wall Street workers who say conditions in the industry are unsustainable, particularly when it comes to solving a major problem.
Lukenas’ stepmother told DailyMail.com the family was “devastated” by the loss.
Current and former investment bankers said Business Insider that Lukena’s death has generated concern within BoA and particularly among the lower ranks.
A junior banker at BoA said of Lukenas’ death: “I think what we would all want is some acknowledgment about what happened, and at least not completely dismiss the fact that it could have been work-related.”
‘And at least start having those conversations about how they can make the working lives of junior bankers much better because it’s been needed for a long time. And I think, if anything, it’s gotten worse.
Lukenas was part of the Financial Institutions Group (FIG) team that advises banking clients on transactions, according to a source familiar with the situation.
A source told BI that the FIG team is particularly exhausting and that the recent departures added work to those who stayed.
The current BoA banker said there have been meetings following Lukenas’ death about the possibility of reduced hours and more opportunities to work from home.
A former BoA banker told BI he resigned last year after a period in which he regularly worked 100 hours a week without receiving burnout or burnout support.
They said: ‘There came a point where I would wake up and immediately feel like I needed to throw up… My mental health was really bad. “I felt very little supported by my team.”
Bank of America previously said that “our goal is to do everything we can to support the family and our team, which is devastated.”
The bank is also paying for staff to attend the late banker’s funeral, he said.