According to a recent report, the individual, who had previously served as a Green Beret, tragically passed away after only a year in a demanding investment banking position at Bank of America.
Bank of America Banker Worked 100-Hour Weeks Before Sudden Death
The report indicates that the investment banker had been actively seeking alternative employment due to the excessive workload, which required them to work over 100 hours per week.
Leo Lukenas III, 35, experienced a medical condition known as acute coronary artery thrombus while in New York City earlier this month. This condition involves the formation of a blood clot inside a blood vessel of the heart.
According to Douglas Walters, a managing partner at GrayFox Recruitment, Lukenas expressed his desire to leave Bank of America in mid-March due to the demanding work hours.
However, there is no evidence to suggest that Lukenas' death was caused by working long hours, according to Reuters.
Leo Lukenas III's Death Spurs Wall Street Work Condition Concerns
Lukenas' death was officially attributed to "natural causes"' but it has raised concerns among Wall Street workers who argue that the industry's conditions are unsustainable, especially when it comes to finalizing major deals.
According to insiders, the recent passing of Lukena has raised concerns within BoA, especially among the junior employees.
A junior banker at BoA expressed the desire for some recognition of what happened and not to completely disregard the possibility that it may have been work-related, Daily Mail reported.
Lukenas was a member of the financial institutions group (FIG) team that provides advice to bank clients on deals, as per a source familiar with the situation.
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