Morning Coffee: Morgan Stanley's London chairman missing after freak sinking. Barclays under pressure to cut salaries
Jonathan Bloomer wasn't a chairman of Morgan Stanley International in the investment banking sense of the word. He was a chairman of Morgan Stanley International in the standard sense of the word: Bloomer has chaired Morgan Stanley's London board of directors since 2016 as part of a portfolio of non-executive director roles. Now, Morgan Stanley may sadly need to find someone else.
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Bloomer is among those missing after the freak sinking of the yacht belonging to acquitted UK technology entrepreneur Mike Lynch. Lynch is also missing, along with his 18-year-old daughter, a Clifford Chance Lawyer, five other guests and one crew member.
The sinking of Lynch's yacht off the coast of Sicily over 24 hours ago appears to have been the result of a whirling column of air and mist like a tornado, which struck the yacht at 4am. Another boat nearby was unaffected by the waterspout.
Three months ago, Lynch was exonerated of fraudulent accounting before Autonomy was sold to Hewlett Packard in 2011. His fellow defendant Stephen Chamberlain was also exonerated and died at the weekend after being struck by a car while jogging.
Others on the boat included Charlotte Golunski, an associate at Lynch's VC firm Invoke Capital. Golunski was there with her baby daughter and escaped on a lifeboat. “I held her afloat with all my strength, my arms stretched upwards to keep her from drowning," Golunski said.
Bloomer wasn't a banker, and so Lynch wasn't a client. The two and others were on the yacht to seemingly celebrate Lynch's exoneration from the fraud charges in June. Bloomer was a previous chair of Autonomy's audit committee, and his testimony to the effect that Lynch was «more interested
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