Two Greenhill Managing Directors Die in New Jersey Plane Crash

Greenhill Managing Directors

Greenhill mourns as two managing directors die in plane crash

A small plane, Socata TBM-700, crashed on a busy New Jersey highway killing two managing directors of Greenhill & Co. The investment banker from New York, his wife and two children and one of his business partners were aboard when the plane crashed on a major highway in suburban New Jersey yesterday.

Jeffrey F. Buckalew, the New York investment banker was piloting the plane that belonged to him. Greenhill’s managing director Rakesh Chawla, Buckalew’s wife Corinne and two children were also on board on the Socata TBM-700.

The plane crashed on Interstate 287 in Harding, New Jersey, about 35 miles west of Manhattan. The plane had just taken off from Teterboro Airport, as stated by New Jersey police. The five were on the way to DeKalb-Peachtree Airport near Atlanta. According to the New York Daily News, the plane did not hurt anybody on ground. Witnesses also quoted that the plane appeared to have broken up in the air itself.

Robert Greenhill, Chairman of Greenhill & Co. and Scott Bok, Greenhill CEO said, “The firm is in deep mourning over the tragic and untimely death of two of its esteemed colleagues. Jeff was one of the first employees of Greenhill.  He and Rakesh were extraordinary professionals who were highly respected by colleagues and clients alike.”

Greenhill & Co., Inc. is an independent and leading investment bank which focuses on serving its clients with financial advice on important acquisitions, mergers, financings, restructurings and capital raisings to corporations, institutions, governments as well as partnerships. Greenhill provides service to its clients located throughout the world and has its offices in New York, London, Frankfurt, Sydney, Tokyo, Toronto, Chicago, Dallas, Houston, Los Angeles, Melbourne and San Francisco. As Greenhill looses two of its extraordinary professionals, it is going to be a challenging time for the firm to cope up with the tragic incident.

Greenhill CEO, Scott Bok, has lost at least three managing directors since early June. The firm averaged less than one such departure in a year ever since Robert Greenhill founded it in 1996. Till today, Greenhill had dropped down 57 percent in New York trading giving the worst performance in the 79-company Standard & Poor’s Midcap Financials Index. Things have just kept adding up for hampering Greenhill’s smooth function. Whether Greenhill will be able to cope up with the tragic incident is still a matter of concern.

Avatar
Dhwani Shah

Recent Posts

Aon – Willis asset disposal aims to ease approval of $30 billion merger

Aon – Willis asset disposal aims to ease approval of $30 billion merger

Aon Plc and Willis Towers Watson have agreed to sell $3.6 billion worth of assets to rival Arthur J. Gallagher & Co. in a bid to appease European competition regulators over th
18 hours ago
Roblox declares Q1, reports $387 million revenue as bookings increase

Roblox declares Q1, reports $387 million revenue as bookings increase

Roblox, the hugely popular online gaming platform, reported its first-quarter earnings after becoming a listed company. Its revenue more than doubled as the videogame company benef
2 days ago
Weak US job report results in volatile market

Weak US job report results in volatile market

A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers
3 days ago
Star and Blackstone launch bids to buyout Australia’s Crown Resorts

Star and Blackstone launch bids to buyout Australia’s Crown Resorts

A bidding war has broken out between Australian casino company Star Entertainment Group and US private equity investor Blackstone Group over Crown Resorts, Australia’s bigges
3 days ago
5 Most Expensive Divorce Settlements in History

5 Most Expensive Divorce Settlements in History

Almost half of the marriages end in divorce is an oft-quoted adage, but surprisingly, this is not true in today’s world. The reasons are varied, gender equality, the higher p
4 days ago
JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase appoints two new CIOS in bid to make its C-suite more diverse

JPMorgan Chase, the largest U.S. bank by assets, has appointed two new executives to head its information units in a bid to make its workforce more inclusive and increase racial an
4 days ago