(Bloomberg) — A 25-year-old credit trader from Bank of America Corp. passed away suddenly on Thursday evening.
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Adnan Deumic, a credit portfolio and algorithmic trader, collapsed from suspected cardiac arrest while playing football at an industry event and failed to respond to medical treatment including CPR, according to a person briefed on the matter. He joined the bank’s Global Markets team in 2022 after participating in the summer analyst program last year.
“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 representative said in an emailed statement. “We are committed to providing our full support to Adnan’s family, his friends and to our many associates who mourn his loss.”
Deumic, originally from Sweden, was active in sports such as ice hockey. He worked in the London office of Bank of America.
The death is the second in recent weeks involving a young employee within the company’s Wall Street divisions. Leo Lukenas, an associate in the investment banking group in New York, died earlier this month.
That incident sparked industry debate about the culture of demanding, long hours in investment banking. In the weeks before his death, Lukenas – who was part of the financial institutions group – had been working on a $2 billion bank acquisition, which he touted on LinkedIn. He died on May 2 from an acute coronary thrombus, according to the New York City Office of the Chief Medical Examiner.
Whether employment contributed to Lukenas’ death is unknown, and Bank of America is not formally investigating the death, according to people familiar with the matter. The company’s focus is on “doing everything we can to help and support the devastated family and our team,” the bank said in an earlier statement to Bloomberg.
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