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Mod Note (Andy): Update - This story was confirmed earlier confirmed by our sources. Our prayers go out to his family.

From Bloomberg:

Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, Bank of America spokesman John McIvor said by telephone today. The death is being treated as non-suspicious, a spokesman for the Metropolitan Police in London said in a statement.


Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, a Bank of America spokesman said. Source: Seelio via Bloomberg
"He was popular amongst his peers and was a highly diligent intern at our company with a promising future," Bank of America said in its statement. "Our first thoughts are with his family and we send our condolences to them at this difficult time."
Erhardt was found unconscious at Claredale House, a student residential facility in East London. He was pronounced dead at the scene after being treated by paramedics, said the police spokesman, who asked not to be identified, citing agency policy.
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Comments (267)

  • Drijver's picture

    Have had this confirmed from an extremely credible source

  • Mike McDermott's picture

    Apple_iBank:

    Doll Armaker:

    Can confirm that HR from one of JPM / MS / GS have sent an e-mail round to line managers of IBD interns saying something along the lines of 'don't work your interns too hard for the final weeks'

    It's not MS, their IBD interns finished a week ago. I don't think it's JPM either, my money is on Goldman

    Not quite true, MS IBD interns are going into their last week. Did hear of GS interns at Claredale House being asked by HR about what happened though, so sounds like it might be them.

  • Arsene Wenger's Father's picture

    Take_It_To_The_Bank:

    You don't die from work. I'd put my money on this being a drug related incident. Maybe the intern was taking adderall and OD'ed?

    Doesn't have to be drug. Working too hard definitely plays a role here. I'm from China and for the past 4 years almost half dozen people died from working too hard at Big 4 and investment banking that were on the news

  • youjustgotlittup's picture

    Arsene Wenger's Father:

    Take_It_To_The_Bank:

    You don't die from work. I'd put my money on this being a drug related incident. Maybe the intern was taking adderall and OD'ed?

    Doesn't have to be drug. Working too hard definitely plays a role here. I'm from China and for the past 4 years almost half dozen people died from working too hard at Big 4 and investment banking that were on the news

    Why don't people just refuse to continue working at some point? I like to believe I am very ambitious, and pulling an all-nighter is not an issue I guess, but if my superiors ask me to work 60 hours in a row I'd sincerely tell them to go f*ck themselves. Everybody knows that working such kind of hours without sleeping is not brutal but just complete insanity.

  • LHDan's picture

    Tristan:

    Arsene Wenger's Father:
    Take_It_To_The_Bank:

    You don't die from work. I'd put my money on this being a drug related incident. Maybe the intern was taking adderall and OD'ed?

    Doesn't have to be drug. Working too hard definitely plays a role here. I'm from China and for the past 4 years almost half dozen people died from working too hard at Big 4 and investment banking that were on the news

    Why don't people just refuse to continue working at some point? I like to believe I am very ambitious, and pulling an all-nighter is not an issue I guess, but if my superiors ask me to work 60 hours in a row I'd sincerely tell them to go f*ck themselves. Everybody knows that working such kind of hours without sleeping is not brutal but just complete insanity.

    There's a lot of pressure which leads you to not always make the best decisions. As a Summer Analyst you're trying your hardest to prove yourself worthy of a full-time offer and it can be easy to neglect your health and sanity.

  • SirTradesaLot's picture

    Only two hits I could find for this online, WSO and this link (which quotes WSO):

    http://www.econjobrumors.com/topic/baml-summer-intern-dies-allegedly

    At this point, I'm a skeptic.

    adapt or die:
    What would P.T. Barnum say about you?

    MY BLOG

  • In reply to frank_reynolds
    SirTradesaLot's picture

    Link? I can't find one.

    adapt or die:
    What would P.T. Barnum say about you?

    MY BLOG

  • Arsene Wenger's Father's picture

    LHDan:

    Tristan:
    Arsene Wenger's Father:
    Take_It_To_The_Bank:

    You don't die from work. I'd put my money on this being a drug related incident. Maybe the intern was taking adderall and OD'ed?

    Doesn't have to be drug. Working too hard definitely plays a role here. I'm from China and for the past 4 years almost half dozen people died from working too hard at Big 4 and investment banking that were on the news

    Why don't people just refuse to continue working at some point? I like to believe I am very ambitious, and pulling an all-nighter is not an issue I guess, but if my superiors ask me to work 60 hours in a row I'd sincerely tell them to go f*ck themselves. Everybody knows that working such kind of hours without sleeping is not brutal but just complete insanity.

    There's a lot of pressure which leads you to not always make the best decisions. As a Summer Analyst you're trying your hardest to prove yourself worthy of a full-time offer and it can be easy to neglect your health and sanity.

    also sometimes people think they can work harder when they're still young so when they get older they can work less

  • yaob227's picture

    It is "OKAY" to say fuck off when your life depends on it.
    This is sad news indeed.
    RIP.

  • magnum's picture

    I am still shocked by seeing people not trusting this...I am telling you guys, saw the ambulance and police with my own eyes.

    I remember times after a 130h-week, felt some heart arrhythmia, so people not in the industry please stfu.

  • Bateman Begins's picture

    Fuck... If this is true, it's horrible. How the fuck are people ending their comments with "lol"? Gtfo. If this news gets confirmed, I agree with rufiolove about blocking this thread.

    Read my blog: Bateman Begins

  • In reply to Bateman Begins
    Matrick's picture

    I agree. Probably best to not only lock but also delete it. This would be very bad publicity for WSO, @WallStreetOasis.com

    I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

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  • magnum's picture

    No it is the only source on the net commenting on this fact, post until it goes to press.

  • Johnstonphil's picture

    Guys name is Morris

  • Bateman Begins's picture

    The number of brand new WSO users commenting on this thread is too damn high!

    Read my blog: Bateman Begins

  • wikileaks's picture

    Doubled confirmed
    German, 2nd year U who was found dead by his roommate
    He was likely getting an return offer

  • Fisherman's picture

    wikileaks:

    Doubled confirmed
    German, 2nd year U who was found dead by his roommate
    He was likely getting an return offer


    It's on BBG
  • Mr.'s picture

    On bbg terminal - top trending news

  • NorthSider's picture

    magnum:

    I am still shocked by seeing people not trusting this...I am telling you guys, saw the ambulance and police with my own eyes.

    I remember times after a 130h-week, felt some heart arrhythmia, so people not in the industry please stfu.

    You should probably get that checked out, because that is not normal.

    "For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."

  • In reply to Mr.
    michael grimes's picture

    Thanks. Found it now. Wow very tragic.

  • WalMartShopper's picture

    dr.schulz:

    i don't see any incentive to spread such kind of "rumours". actually very sad to hear about this

    i agree, all those chain letters etc. are of great value

    If the glove don't fit, you must acquit!

  • Fetter's picture

    Don't delete this thread, but sad news, Rest in Peace buddy.

    if you delete this, then no one would've known. hopefully its a rumor, but if not :(

  • companion's picture

    If you're that tired, your body will automatically shut down and you'll fall asleep.

    My guess is that he died from a mix of energy drinks, cocaine or some other stimulants.

  • notaspammer's picture

    This is 100% true.

    Really hope his family sues the shit out of BAML. What is it going to take for this industry to change?

  • WalMartShopper's picture

    companion:

    If you're that tired, your body will automatically shut down and you'll fall asleep.

    My guess is that he died from a mix of energy drinks, cocaine or some other stimulants.

    sure are a lot of doctors on wso these days...

    If the glove don't fit, you must acquit!

  • That_Aston's picture

    Article:

    By Ben Moshinsky and Ambereen Choudhury

    Aug. 19 (Bloomberg) -- Bank of America Corp. said a 21- year-old intern died one week before completing a summer program.

    Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, Bank of America spokesman John McIvor said by telephone today. The death is being treated as non-suspicious, a spokesman for the Metropolitan Police in London said in a statement.

    "He was popular amongst his peers and was a highly diligent intern at our company with a promising future," Bank of America said its statement. "Our first thoughts are with his family and we send our condolences to them at this difficult time."

    Erhardt was found unconscious at Claredale House, a student residential facility in East London. He was pronounced dead at the scene after being treated by paramedics, the police spokesman said, who declined to be identified, citing agency policy.

    Erhardt was an exchange student at the University of Michigan's Stephen M. Ross School of Business and attended WHU - Otto Beisheim School of Management in Vallendar, Germany, according to his biography page on social network site seelio.com. In addition to Bank of America's investment banking division, he also said he had work experience at KPMG Consulting, Morgan Stanley and Deutsche Bank AG's corporate finance division.

    He went to high school at Faust-Gymnasium in Staufen, Germany, where he excelled in math and tennis, according to the biography page. His hobbies included sports and politics, according to the profile.

    Here to learn and hopefully pass on some knowledge as well. SB if I helped.

  • yeahright's picture

    @WallStreetOasis.com It's on the terminal only so far. Just read it myself.

    Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."

  • Scandal's picture

    Front page I'm guessing...this is something to be wary about - work is important, but your life is undoubtedly more important.

    Calm down.

  • In reply to WallStreetOasis.com
    That_Aston's picture

    Sorry, don't have link :(

    Here to learn and hopefully pass on some knowledge as well. SB if I helped.

  • manTgreyman's picture

    This is absolutely terrible to hear. My heart goes out to all of his loved ones, friends, family, and co-workers.

  • Zafrynex's picture

    It is not a rumor, he is effectively dead.
    (I'm in london)
    Rumors are going crazy around circumstances, some say he was on a 3rd allnighter, some presume he had a heart attack.
    Nobody knows shit but the fact that he was found dead by his room mate after not showing up to work.

    Baml staff was briefed not to talk about it to the press.

  • WallStreetOasis.com's picture

    Just for clarification, this is NOT confirmed. Unfortunately, the users that are "confirming" this story are some of the least trusted and have some of the worst SB:MS ratios on the site...which makes this even more suspicious.

    We are in the process of fact checking with our sources in London, but again, this is very possibly a coordinated prank until we confirm otherwise.

    Thanks,
    Patrick

  • CRE's picture

    Well I feel like a dick. Definitely thought this was a troll thread at first.

    Damn

  • GLGermany's picture

    Family source of mine with connection to his university confirms that Moritz Erhardt died on Thursday. No cause of death was provided so far.

  • In reply to michael grimes
    Anihilist's picture

    Yeah, am on mine now and even under BIO segment he is listed as deceased. Really sad and story linked to his BIO page confirms it from story quoted by That_Aston.

    People demand freedom of speech as a compensation for freedom of thought which they seldom use.

  • powpow's picture

    This article is on my Terminal. NSN MRSENW6KLVS8. RIP. Hopefully this has a lasting impact.

  • NorthSider's picture

    Article text. Bloomberg also has a screen capture of the social network profile:

    Wire: Bloomberg News (BN) Date: Aug 19 2013 12:47:57
    Bank of America Says 21-Year-Old London Summer Intern Dies (3)

    (Updates with school comment in sixth paragraph.)

    By Ben Moshinsky and Ambereen Choudhury
    Aug. 19 (Bloomberg) -- Bank of America Corp. said a 21-year-old intern died one week before completing a summer program.

    Moritz Erhardt, who was on a seven-week pre-graduate program in London, died Aug. 15, Bank of America spokesman John McIvor said by telephone today. The death is being treated as non-suspicious, a spokesman for the Metropolitan Police in London said in a statement.

    "He was popular amongst his peers and was a highly diligent intern at our company with a promising future," Bank of America said in its statement. "Our first thoughts are with his family and we send our condolences to them at this difficult time."

    Erhardt was found unconscious at Claredale House, a student residential facility in East London. He was pronounced dead at the scene after being treated by paramedics, said the police spokesman, who asked not to be identified, citing agency policy.

    Erhardt was an exchange student at the University of Michigan's Stephen M. Ross School of Business and attended WHU -- Otto Beisheim School of Management in Vallendar, Germany, according to his biography page on social-network site seelio.com.

    'Deeply Shocked'

    "We are all deeply shocked and saddened," Peter Augustin, a spokesman for the German business school, said in an e-mail.

    "At the moment, we do not yet know further details. What we can say is that Moritz was a wonderful person and a dedicated student."

    In addition to Charlotte, North Carolina-based Bank of America's investment-banking division, Erhardt also said he had work experience at KPMG Consulting, Morgan Stanley and Deutsche Bank AG's corporate finance division.

    He went to high school at Faust-Gymnasium in Staufen, Germany, where he excelled in math and tennis, according to the biography page. His hobbies included sports and politics, according to the profile.

    "For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."

  • NorthSider's picture

    To be clear, all of this talk about "dying due to overwork" is not at all confirmed.

    "For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."

  • ucmaroon47's picture

    .

    And so it goes

  • Bullet-Tooth Tony's picture

    NorthSider:

    To be clear, all of this talk about "dying due to overwork" is not at all confirmed.

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