Frederic Lexow II, Ex-JPMorgan Trading Chief, Dies at 49
Frederic R. Lexow II, who worked his way up from the back office to running the equities-trading desk during a 22-year career at JPMorgan Chase & Co. (JPM:US)’s asset- management unit, has died. He was 49.
Lexow died on Sept. 22 at Yale-New Haven Hospital in New Haven, Connecticut. He had had a heart attack related to complications from a two-year battle with recurring staph infections, according to his wife, Nanette Buziak Lexow.
An avid golfer, boater and cook, Lexow started his career in 1986 at JPMorgan’s operations department in New York, manually settling transactions and processing trade corrections. Well-liked among the traders, he was promoted to a junior spot on the desk trading energy-sector equities in 1987, according to two former colleagues. Lexow was later made a managing director.
“He would put up huge blocks of trades pretty effortlessly and had a pretty good rapport with the street,” said Eva Walsh, an executive director at JPMorgan who worked for Lexow for a decade. “He got the opportunity to run a desk off of his trading prowess.”
Lexow also was a supportive boss, she said, promoting her while she was on maternity leave.
Chris Mahler, a former colleague who is now chief operating officer at Weeden & Co. in Greenwich, Connecticut, said Lexow made people feel at ease around him.
“He was fun-loving, generous,” said Mahler, who worked with Lexow as a trader from 1987 until Mahler left JPMorgan in 1996. “He took a young group and trained them, he helped them forge relationships with Wall Street.”
Lexow also met his wife at the bank.
“I always joked that we met with him taking orders from me as I was a former portfolio manager at JPMorgan,” Buziak Lexow said yesterday in an e-mail. She left the bank in 2005 for ING Investment Management where she is head of equity trading. In 2007, the couple married at the Greenbrier Resort in White Sulphur Springs, West Virginia. It was his second marriage.
In 2009, Lexow lost his job at the bank as part of cutbacks (JPM:US) following the financial crisis.
Frederic Rudolph Lexow II was born on Aug. 8, 1963, in Stamford, Connecticut, to Eric and Jody Baldwin Lexow. He grew up in Darien, Connecticut, and graduated from Tabor Academy in Marion, Massachusetts, in 1982.
Lexow received a bachelor’s degree in history from Tulane University in New Orleans in 1986 and a master’s in business administration from Fordham University in New York in 1993.
For the last 20 years, he resided in Westport, Connecticut.
Lexow’s doctors never determined how he contracted the initial staph infection that attacked many of his internal organs more than two years ago, his wife said.
The infection destroyed his kidneys and left him on dialysis treatments three days a week. His health was stable until about a week ago when another staph infection attacked his heart and sent him into cardiac arrest, she said.
“He’s at peace now and at least he’s not suffering, because dialysis three days a week is really tough,” Buziak Lexow said. “He would leave for dialysis when I was leaving for work” and wouldn’t finish until lunchtime, she said.
Lexow worked as a consultant after leaving JPMorgan. From 2006 to 2010, he also served on the board of the National Organization of Investment Professionals.
He was a dedicated New York Yankees fan, traveling to Baltimore for the Sept. 8 game against the Orioles with his wife and friends. Although the Yankees lost 5-4, the group had a great time, Buziak Lexow said. They happened to be staying at the Four Seasons hotel in Baltimore, along with the Yankees, and caught shortstop Derek Jeter as he was leaving for the next day’s game.
In addition to his wife and parents, his survivors include a daughter from his first marriage, Sylvie Sutton Lexow, and two sisters, Sarah Lexow Keena of Darien and Amy Lexow of Jamestown, Rhode Island.
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