Re: The remains of human giants.
ZURICH (Reuters) - Alex Widmer, the chief executive of Bank Julius Baer (BAER.VX: Quote, Profile, Research, Stock Buzz) and a well respected figure in Swiss private banking, has died unexpectedly at the age of 52, the bank said.
A source told Reuters he had been informed by close friends of Widmer's family that the banker had committed suicide.
Swiss news website 20Minuten cited two unnamed independent sources as saying it was a case of suicide.
Swiss police declined to comment on the death.
Julius Baer, Switzerland's biggest dedicated wealth manager which has roots dating back to the 19th century, is based in Zurich and manages more than 360 billion Swiss francs ($300.8 billion) in assets for rich individuals and institutions.
A spokesman said there was no link between Widmer's death and the group's current activities, but declined to give further details on the cause of Widmer's death overnight on Wednesday, saying it was a private matter.
The Swiss news agency SDA said Widmer's wife died from cancer in 2005.
A Zurich-based trader said employees at the bank had been told Widmer had died from an unspecified illness. Widmer, a Swiss citizen, had three children.
"Alex Widmer was the very epitome of a Swiss private banker," Julius Baer said in a statement.
"It is a great shame," added a Zurich-based trader. "It is very sad. He embodied Julius Baer. He was the most important person in private banking."
HEDGE FUNDS WEIGHS
Shares in Julius Baer have lost some 60 percent in 2008 as markets have worried about outflows at its hedge fund GAM, which accelerated in October.
Julius Baer has rejected speculation that it would shed GAM as it restructured its business to focus on wealth management, which has benefited from problems at rival Swiss bank UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz), which has seen strong outflows of money to clients scared by its heavy writedowns.
One trader said Widmer's death could lead to "massive uncertainty among investors as a vacuum on the executive level happens in the worst possible time," adding that takeover rumours could resurface in the future.
In November the bank said net operating income to the end of October was down 10 percent from the previous year as assets under management were hit by falling markets, though private banking net inflows had risen significantly in the year to date.
In an interview with Bloomberg conducted the day before his death, Widmer said: "Even if global wealth creation is getting slower, we should do better than the rest."
Colony Collapse ---- We are being subjected to a 100 year law, or 99 year law of three 33's including the Great Depression of 1933 and as well that horrific event of Feb 27, 1933. We are in the midst of an Occult Law upheaval that was indicated as well in Colony collapse studies we did on this list. The entire global economy is in Colony collapse and becoming Ahrimanically reformed due to a vast occult law of three X's 3. This law was noted as penetrating right down to the Sun Community of the way we handled Bees, all the way to the law of Education and results of educating humanity in a false, Ahrimanic and distorted manner would result in the corrupt monsters and whores of wall street becoming the children of Alan Greenspan, the children of Atlas Shrugged, the greedy, avarice ridden failure of humanity to check their impulses for the greater good as was thought should happen with freedom, however the infected and false educational system have created not only a Colony Collapse of the Bees, a Sun Beeings, but the Collapse of global Economy all on a 100 year occult law or 99 year law that Steiner talked of.
The Fed created a falsifed Occult model, without Initiation Science or the Christ Event, but based on an Ahrimanic school of training and holding captive various etheric Lodge models of souls, capturing their etheric models and training Ahrimanized cosmic Initiation to insert themselves into Archangelic activities, and enter everywhere globally, with IMF, International Monetary Fund and Federal Reserve and Wall Street, all gaining and maintaining Ahrimanic Initiation centers into the Economic System. And now the 99 year law has caught up to us, but we didn't instantly recognize the signs of Colony collapse and the indicators that Steiner drew.
Try Again Anthros; Try Again;
"Despite its name, the Federal Reserve System is not owned by the
federal government. It is actually a private company of bankers with 12
branches or central banks that expand and contract our money supply as
they have doing for nearly 100 years.
And, even though the Fed is not part of the US government, the Fed's
Board of seven governors is appointed by the president and confirmed by
the Senate for 14-year terms."
"Steiner...explained that the modern method of breeding queens (using
larvae of worker bees, a practice that had already been in use for about
fifteen years) would have long-term detrimental effects, so grave that:
"A century later all breeding of bees will cease if only artificially
produced bees are used...."
Steiner in another lecture made this grave prophecy:
"Let the kind of teaching that prevails in our universities continue for
another three decades, let social questions be treated as they are now
for thirty years more, and you will have a devastated Europe." He said
this in December, 1919; of course the prophecy was fulfilled in less
than thirty years."
Colony Collapse or was Steiner just one gloomy guy? Well to the
trivial, newbie and basic inattentive shrunken intellectual soul,
Steiner just must appear gloomy and making those statements to get some
sort of negative attention. NOT! O seriously not.