Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Facebook X (Twitter) Instagram
    Trending
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    • EasyKnock abruptly shuts down its sale-leaseback platform
    • Under-The-Radar NAR Nonprofit May Have Hidden GOP Agenda
    • NAR’s nonprofit funds conservative groups
    Facebook X (Twitter) Instagram
    Industry Movement
    • Home
    • Entertainment
    • Business
    • News
    • Real Estate
    Industry Movement
    Home»Business»Morgan Stanley International chair reported missing in yacht sinking
    Business

    Morgan Stanley International chair reported missing in yacht sinking

    adminBy adminAugust 20, 2024No Comments1 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    This photograph shows a Coast Guard boat with Italian fireboats and an Italian fire brigade helicopter search for six missing passengers after recovering a victim due to a sailboat sank off the coast of Porticello, nosthwestern of Sicily Island, on August 19, 2024. 

    Alessandro Fucarini | Afp | Getty Images

    The chairman of Morgan Stanley International, Jonathan Bloomer, is among those missing after a luxury yacht sank in a storm off the coast of Sicily on Monday.

    Sicily’s civil protection agency told reporters late Monday that Bloomer and Clifford Chance lawyer Chris Morvillo were among the six people still missing. Clifford Chance declined to comment when contacted by CNBC.

    Bloomer is chair of Morgan Stanley International, the London-based branch of the investment banking giant, a non-executive role he has held since 2016. He is also the chair of insurance firm Hiscox.

    Aki Hussain, group chief executive officer of Hiscox, said Bloomer and his wife Judy were both among those missing.

    “We are deeply shocked and saddened by this tragic event,” Hussain said in a statement. A Morgan Stanley spokesperson said: “Our thoughts are with all those affected, in particular the Bloomer family, as we all wait for further news from this terrible situation.”

    British tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah were also missing as search and rescue efforts resumed on Tuesday.

    The 56-metre sailing boat “Bayesian” was hit by a violent storm around 4 a.m. local time on Monday, as it carried 10 crew members and 12 passengers on board. The anchored vessel capsized near the port of Porticello, with witnesses telling local media that the boat descended rapidly after its mast broke.

    One person, the ship’s cook, was confirmed by the Italian coastguard to have died. Lynch’s wife, Angela Bacares, was among the 15 people who were rescued.

    Renato Schifani, president of the region of Sicily, on Monday visited the children’s hospital in Palermo to see a British one-year-old girl and her parents who were all rescued from the ship.

    “My thoughts go to all the people involved and their families, but today we are also here to testify that the solidarity and commitment of our health workers and Civil Protection volunteers are a precious resource for our community,” Schifani said in a statement, according to a Google translation.

    Those on board are thought to have been employees and associates of Lynch, the 59-year-old founder of enterprise software firm Autonomy.

    Lynch was embroiled in a protracted legal battle with Hewlett Packard after the U.S. tech giant accused him of inflating Autonomy’s value in an $11 billion sale.

    He was extradited from Britain to the U.S. last year to stand trial over the HP allegations. In June, Lynch was acquitted of fraud charges after a three-month trial.

    — CNBC’s Ryan Browne contributed to this story.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin

    Related Posts

    US Troops in Syria: Ally Hopes Trump Will Keep Military There

    November 22, 2024

    Japan October inflation rate falls, BOJ rate hike still on table

    November 22, 2024

    CNBC’s New Boss Reassured Staffers After Bombshell Spinoff News

    November 21, 2024
    Leave A Reply Cancel Reply

    Recent Posts
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    Recent Comments
      Archives
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      Categories
      • Business
      • Entertainment
      • News
      • Real Estate
      Meta
      • Log in
      • Entries feed
      • Comments feed
      • WordPress.org
      Demo
      Top Posts

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424

      Better Pay, More Time Off: What Real Estate Agents Want This Labor Day

      August 31, 202424
      Don't Miss
      Real Estate

      What Real Estate Agents Need To Know About Cognitive Impairment

      By adminDecember 10, 20245

      Senior real estate specialist Nikki Buckelew writes that understanding cognitive impairment among seniors is about…

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024

      eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees

      December 10, 2024
      Stay In Touch
      • Facebook
      • Twitter
      • Pinterest
      • Instagram
      • YouTube
      • Vimeo

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      Demo
      Our Picks

      What Real Estate Agents Need To Know About Cognitive Impairment

      December 10, 2024

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024
      Most Popular

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424
      Legal Pages
      • About Us
      • Disclaimer
      • DMCA Notice
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.