Bank of America trader, 25, dies suddenly ‘of a cardiac arrest’ during work event – two weeks after ex-green beret turned investment banker died aged 35 while doing 100-hour weeks

A 25-year-old Bank of America trader has died of suspected cardiac arrest during a company event.

Adnan Deumic died suddenly on Thursday while playing a five-on-five football match at a tournament with bank colleagues.

The young trader, based in the bank’s London office, collapsed and was given 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 popular young colleague,” a Bank of America spokesperson said.

“We are committed to providing our full support to Adnan’s family, his friends and to our many associates who mourn his loss.”

Deumic was under great stress at his job, where he would handle transactions of up to $1 billion, the Post reported.

“He probably worked eleven to twelve hours a day and those hours were incredibly intense. He didn’t have time to get coffee,” the source told the publication.

He added: ‘The stress he was under was so much more than the other analysts and he couldn’t take a day off.

“He learned all this when he was very new to the job.”

According to the source, Deumic was not happy with the bank, which he said was not treating him well, and tried to “work it out.”

“He wasn’t happy, he was looking at other jobs,” the source explained.

No connection has been made between Deumic’s work and the death, and no official cause of death has yet been announced.

It comes just two weeks after another Bank of America employee died of an “acute coronary thrombus.”

Leo Lukenas III, 35, died just a year after his grueling job at the investment bank and was looking for a new job because he was working more than 100 hours a week.

The father of two and former Army Special Forces member turned to banking last summer in an effort to “pursue new opportunities for his family,” his loved ones said.

The Brooklyn native had reportedly recently worked on UMB’s acquisition of 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 percent pay cut in exchange for more sleep and was considering a move to a smaller “boutique” investment bank at the time of his death, which he hoped would provide a better work balance and would offer privately. .

While Lukenas’ death was officially attributed to “natural causes,” it has led to claims from Wall Street workers who say conditions in the industry are unsustainable, especially when it comes to ironing out a major problem.

Current and former investment bankers told the story Business insider that Lukena’s death has raised concerns within BoA and especially among the lower ranks.

A junior banker at BoA said of Lukenas’ death: ‘I think what we would all like is some recognition of what happened, and at least not completely ignore the fact that it could be work-related.

“And to at least just have conversations about how they can make the working lives of junior bankers much better, because that’s long overdue. And if anything, I believe it has gotten worse.”

Lukenas was part of the Financial Institutions Group (FIG) team that advises bank clients on deals, according to a source familiar with the situation.

The insider told BI that the FIG team is particularly tough and the recent departures have added work to those who remained.

The current BoA banker said that after Lukenas’ death, there have been meetings about the possibility of reducing hours and more options for working from home.

A former banker at BoA told BI that he quit last year after a period of regularly working 100 hours a week without receiving support for exhaustion or burnout.

They said: ‘It got to the point where I woke up and immediately felt like I was going to throw up… My mental health was really bad. I felt very unsupported by my team.”

Bank of America previously said: “Our focus is on doing everything we can to support the family and our team, who are devastated.”

The bank will also pay for all staff attending the late banker’s funeral, the bank said.