Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Bank of America investment banker and US Army veteran dies

Published 05/06/2024, 10:09 PM
Updated 05/07/2024, 04:46 PM
© Reuters.
BAC
-

By Saeed Azhar and Milana Vinn

NEW YORK (Reuters) -An investment banker at Bank of America has died, according to social media posts from the family and the bank on Tuesday.

The deceased was identified as Leo Lukenas III by his twin brother Les Lukenas whose LinkedIn page contained a post about the death. The post connected to his brother's Linkedin page which showed he was an investment banking associate at Bank of America.

Lukenas's age was not available from the bank or the medical examiner but his brother said they had been "together for 35 years." According to his LinkedIn profile, Lukenas graduated in 2010 from Sonma State University in California and then spent a decade in Army Special Operations, a member of the U.S. Green Beret special forces, before joining Bank of America in 2023.

"Tragically, Leo passed away on May 2, 2024, leaving behind his wife and two children," according to a message on a fundraising website, which carried a photo of the army veteran and his family.

Les Lukenas asked people to donate to Leo's family on the website. "I am grateful for the 35 years we spent together, side by side, from playing junior golf to earning our Green Berets," he wrote.

When asked about the cause of death, the New York Office of the Chief Medical Examiner cited "acute coronary artery thrombus". The disease causes the formation of a blood clot inside a blood vessel of the heart.

Reuters could not immediately reach Lukenas for further comment.

Lukenas was part of Bank of America's financial institutions group (FIG) team that advises bank clients on deals, according to his LinkedIn page.

Investment bankers are typically key fee generators for Wall Street banks. Global banking, which also houses Bank of America's investment bank, accounted for around 30% of the bank's income in the first quarter.

The death has shaken some colleagues and ex bank colleagues, said two sources familiar with the matter.

Bank of America said "our focus is on doing whatever we can to support the family and our team, who is devastated."

The bank is also paying for any staff to attend the late banker's funeral, it said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.