Morgan Stanley’s Bloomer confirmed dead in superyacht tragedy
investmentnews.comThe sinking of a luxury yacht owned by British tech entrepreneur Mike Lynch off the coast of Sicily earlier this week has unfolded into a greater tragedy.
Italian authorities have confirmed Lynch as one of five bodies recovered from the wreckage Thursday morning, according to the Wall Street Journal. Morgan Stanley International Chairman Jonathan Bloomer and his wife Judy, who were also aboard, have also been confirmed dead by their children in a statement, reported Bloomberg.
Bloomer’s daughter, Hannah, remained unaccounted for as of early Thursday afternoon.
Bloomer, 70, had sat as chair of Morgan Stanley’s European business since 2018, and was last year named to lead the board at British insurer Hiscox.
In a statement, Morgan Stanley CEO Ted Pick, who officially inherited the role from James Gorman on January 1, praised his “leadership and experience [which] helped the firm manage a period of complex change for our international businesses.”
Bloomer’s multi-decade career included a 20-year tenure as partner at Arthur Andersen, several senior roles a Prudential from 1995 to 2005, and six years as operating partner at private equity firm Cerberus Capital Management.
The Bayesian, Lynch’s superyacht, went down near Porticello early Monday morning as it was caught in a tornado.
According to reports, Lynch, 59, had been celebrating with close family and friends after his recent acquittal on fraud charges related to the sale of his software company, Autonomy Corp., to Hewlett Packard Co. in 2011.
Despite the best efforts of authorities, rescue operations only managed to save 15 of the 22 people onboard.
Italian officials have been working alongside the UK’s Marine Accident Investigation Branch to determine what caused the
Read more on investmentnews.com
