Sunday, 22nd November 2009

 

Deutsche Bank equity sales trader dies

A 24-year old equity sales trader who worked at Deutsche Bank died this weekend in what is thought to be the second suicide in two years from the rooftop garden of a City restaurant.

Anjool Malde worked in the small and mid-cap equity sales business at the German bank since joining as a graduate trainee in 2005.

Irra, a friend of Malde's, wrote on a tribute page on networking site Facebook: "It is in crushed spirits and with a devastated heart that I have been asked by Anjool's dear father to let everyone know that Anjool passed away this weekend."

The Oxford graduate, known as Jools to his friends, was highly ambitious and had a successful role with the bank. He hoped to be promoted to vice-president next year, he said in a text message last month.

Malde enjoyed his role at Deutsche but since a large swathe of job cuts were made in January, Malde had come under pressure. "Things are ridiculously busy given less people around.. having to get in 6.30am these days," he said in an email to friends in February. He said recently that he was taking on the work previously assigned to three people.

Malde is believed to have committed suicide. The City of London Police said they had identified a male who jumped from the eighth floor of City restaurant Coq D'argent, and had notified his family. They plan to formally identify him this afternoon.

He had been asked to leave work at 3pm on Friday but a source close to the situation said he was not under a suspension or part of a disciplinary action. "He was helping the bank with an inquiry into an IT matter. It concluded at 3pm on Friday and he was expected to come back in this week to continue with the matter. It was very preliminary."

A spokesman for Deutsche said: "We are deeply saddened by our colleague's death, and our thoughts are with his family and loved ones at this time."

Malde was upset by the death of his idol, pop singer Michael Jackson, earlier this month. He circulated an obituary of Michael Jackson that he had written to friends and colleagues last week.

It said: "I spent 24 hours perpetually teary-eyed upon hearing about the death of someone I'd never even met."

Besides his job at Deutsche bank, Malde had many other ventures. In 2006 he co-founded an events company, AlphaParties, organising clubbing nights for wealthy young City workers in London's Kensington and Mayfair.

He also was a former BBC journalist, writer, radio DJ and budding songwriter and musician. In May he bought a villa in Marbella where he was planning to spend several weekends over the summer.

Tomorrow, he was due to host his own 25th birthday party at Amuse Bouche, a club in London's Soho.

Malde was also very keen to get married and settle down. He said in an email in April: "I would love to be in that stage of life right now. I'm 24 now, before I know it 25,26.. time travels v fast. And I don't want to be still single at 30 and starting to frantically search. Thus would much rather get it sorted now and not have to worry about it!"

In May 2007, a man wearing a suit and tie died after leaping around 80 feet from the seventh storey Coq D'Argent restaurant onto a passing bus.

D&D Holdings, Coq D'argent's holding company, did not return calls.

Tags: Deutsche Bank

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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