Another Dead Banker – Morgan Stanley Trader Shows Up Dead
by Martin Armstrong, Armstrong Economics Toronto police identified a body found in the water near as that of missing Morgan Stanley sales trader Murray Abbott. This is by no means the only trader suddenly being found dead. There is a dark sinister force behind the curtain and far too many people are turning up dead. The volume and liquidity collapse is underway and many people who have been in the industry for decades in banks are leaving before the curtain falls down. The other side of 2015.75 may shock a lot of people. The real crisis is the collapse in liquidity and so many in the field are getting very nervous about what is on the horizon. from Financial Post Missing Morgan Stanley trader found dead in Lake Ontario near Toronto’s Beaches Toronto police identified a body found in the water near the city’s Beaches neighborhood as that of missing Morgan Stanley sales trader Murray Abbott. Police are awaiting an autopsy before determining the cause of death of Abbott, who went missing two weeks ago, Detective Constable Neil Thornton said in a telephone interview Monday. His body was found around 6:40 a.m. floating face down just east of a water filtration plant, close to Queen Street East and Courcelette Road, according to earlier police reports. Police had been searching the affluent neighbourhood along the shore of Lake Ontario for Abbott, who was last seen April 25. Abbott was a vice president in the capital markets group of Morgan Stanley’s Canadian wealth management division. Abbott, 36, joined the New York-based bank in 2010 and earlier worked at Blackmont Capital Inc., a Toronto-based brokerage.