Bloomer's death (Morgan Stanley): from the Palermo shipwreck to City boardroom intrigue
The chairman of Morgan Stanley International, who died in the sinking of the Bayesian yacht, held several positions and was 'a financial services giant', as stated by Hargreaves Lansdown, the fund management company of which he had been a director
2' min read
2' min read
LONDON - After a career spanning half a century in finance, Jonathan Bloomer had become a landmark for the City. The chairman of Morgan Stanley International, who died in the wreck of the yacht Bayesian , held several positions and was 'a financial services giant', as stated by Hargreaves Lansdown, the fund management company of which he had been a director.
"His wisdom and gentle spirit will be missed," said Ted Pick, chief executive of Morgan Stanley, recalling that Bloomer "with his experience and leadership helped us manage a period of complex change for our international business." Bloomer had been president of Morgan Stanley International since 2018.
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Yesterday Hiscox, the insurance company of which Bloomer had been chairman since last year, was the first to turn over a new leaf by announcing the appointment of a new interim chairman, Colin Keogh, formerly senior director of the group.
"Over the past year, we have benefited from Bloomer's generosity and wisdom," said Hiscox CEO Aki Hussain. His great experience in the business and his personal qualities have made him not only an excellent chairman but a person I have been proud to work with'.
Bloomer had started his career in 1974 working for Arthur Andersen, becoming a partner in the American auditing firm that was later swept up in the Enron scandal. He had later moved on to the insurance company Prudential as CFO, later becoming CEO, a position he was forced to leave in 2005 following shareholder criticism of the failed takeover of the American General group and his decision to cut the dividend by 40%.
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