Morgan Stanley’s chairman Jonathan Bloomer dies in luxury yacht tragedy; British tech magnate Mike Lynch survives – World News

The chairman of Morgan Stanley International and a former CEO of Prudential Plc, 70-year-old Jonathan Bloomer, was one among the people who died in the August 19 luxury yacht sinking off the coast of Italy. Judy, his wife, was also among the killed. They had been invited as guests on the superyacht Bayesian to celebrate British tech tycoon Mike Lynch’s acquittal during a trial where Jonathan Bloomer had testified for the defence.

It is suspected that six passengers were trapped inside the Bayesian after it was struck by a tornado close to Porticello, Sicily. However, one woman remains missing. She has not been identified, but Hannah Lynch, Lynch’s 18-year-old daughter, is reportedly unaccounted for. Besides Hannah Lynch, those missing are Christopher Morvillo, one of Lynch’s U.S. lawyers, and his wife, Neda. Rescuers rescued five more people after the accident on Monday.

Additionally, the Italian coast guard said on Thursday that the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called unsinkable. The family and the solicitors who represented him throughout his trial in the United States have been rejoicing at his recent acquittal on fraud charges.  

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The 56-meter (184-foot) British-flagged yacht, the Bayesian, was anchored about a kilometre (half a mile) offshore when it capsized in a storm early on Monday. According to civil protection officials, they think the ship was hit by a waterspout, a tornado that crosses the water and swiftly sank. 

About Jonathan Bloomer

Bloomer spent 20 years as a partner at Arthur Andersen before moving on to hold prominent positions at Prudential Plc from 1995 to 2005. After a disagreement with shareholders on the choice to raise capital through a rights issue, he departed the asset management. He worked as an operating partner at Cerberus Capital Management LP from 2006 to 2012. He then followed a career in portfolio management, serving as the chairman of the boards of several firms, including DWF Group Ltd. and Arrow Global Group Ltd. 

Since 2018, Jonathan Bloomer has served as chair of Morgan Stanley’s European division. The British insurer Hiscox Ltd. appointed him to lead the board of directors last year. 

(with inputs from agencies)