Morgan Stanley International chair reported among missing in yacht sinking as search operation continues

Morgan Stanley International chair reported among missing in yacht sinking as search operation continues


This photograph shows a Coast Guard boat with Italian fireboats and an Italian fire brigade helicopter search for six missing passengers after recovering a victim due to a sailboat sank off the coast of Porticello, nosthwestern of Sicily Island, on August 19, 2024. 

Alessandro Fucarini | Afp | Getty Images

The chairman of Morgan Stanley International, Jonathan Bloomer, is among those missing after a luxury yacht sank in a storm off the coast of Sicily on Monday.

Sicily’s civil protection agency told reporters late Monday that Bloomer and Clifford Chance lawyer Chris Morvillo were among the six people still missing. Clifford Chance declined to comment when contacted by CNBC.

Bloomer is the chairman of Morgan Stanley International, the London subsidiary of the investment giant, a non-executive role he has held since 2016. He is also the chair of insurance firm Hiscox.

Aki Hussain, group chief executive officer of Hiscox, said Bloomer and his wife Judy were both among those missing.

“We are deeply shocked and saddened by this tragic event,” Hussain said in a statement. A Morgan Stanley spokesperson said: “Our thoughts are with all those affected, in particular the Bloomer family, as we all wait for further news from this terrible situation.”

British tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah were also missing as search and rescue efforts resumed on Tuesday.

The 56-metre sailing boat “Bayesian” was hit by a violent storm around 4 a.m. local time on Monday, as it carried 10 crew members and 12 passengers on board. The anchored vessel capsized near the port of Porticello around an hour later, with witnesses telling local media that the vessel descended rapidly after its mask broke.

One person, the ship’s cook Ricardo Thomas, was confirmed by the Italian coastguard to have died. Lynch’s wife, Angela Bacares, was among the 15 people who were rescued.

Renato Schifani, president of the region of Sicily, on Monday visited the children’s hospital in Palermo to see a British one-year-old girl and her parents who were all rescued from the ship.

“My thoughts go to all the people involved and their families, but today we are also here to testify that the solidarity and commitment of our health workers and Civil Protection volunteers are a precious resource for our community,” Schifani said in a statement, according to a Google translation.

Those on board are thought to have been employees and associates of Lynch, the 59-year-old founder of enterprise software firm Autonomy.

Lynch was embroiled in a protracted legal battle with Hewlett Packard after the U.S. tech giant accused him of inflating Autonomy’s value in an $11 billion sale.

He was extradited from Britain to the U.S. last year to stand trial over the HP allegations. In June, Lynch was acquitted of fraud charges after a three-month trial.

— CNBC’s Ryan Browne contributed to this story.



Source

Airbus expects to deliver fewer aircrafts this year after a difficult few days. Here’s how we got here.
World

Airbus expects to deliver fewer aircrafts this year after a difficult few days. Here’s how we got here.

French planemaker Airbus cut its delivery guidance early Wednesday after a series of issues related to its A320 aircraft. On Monday, reports emerged of a flaw said to affect dozens of A320-family aircraft. Airbus later said it had identified a quality issue regarding a “limited number” of metal panels, and that the source of the […]

Read More
November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
World

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying […]

Read More
Trump administration to announce new fuel economy standards Wednesday, sources say
World

Trump administration to announce new fuel economy standards Wednesday, sources say

Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025. David Paul Morris | Bloomberg | Getty Images The White House will announce new fuel economy standards on Wednesday, according to administration sources. The Trump administration will propose rolling back the standards implemented by former President Joe Biden last year, sources […]

Read More