Bank partner dies just days after DSK leaves

Dominique Strauss-Kahn, the former IMF managing director, left as chairman of a Luxembourg bank daysbefore his partner died.

Bank partner dies just days after DSK leaves

Strauss-Kahn, 65, gave up the chairmanship at Leyne, Strauss-Kahn, & Partners on October 20 “to dedicate himself to other activities”, the firm said in an email yesterday. His partner, Thierry Leyne, fell from a building to his death in Tel Aviv on October 23. Le Figaro newspaper reported that he committed suicide.

Strauss-Kahn bought a 20% stake in Leyne’s investment-banking and asset-management company last year as part of an effort to rebuild his post-IMF life after a scandal dashed his chance to run for the French presidency. LSK & Partnerssaid in March it planned to use Strauss-Kahn’s economic and political knowledge to help start a $2bn (€1.5bn) hedge fund.

Strauss-Kahn “desired to give a structure” to his consultant and advisory missions, Leyne said in a September 2013 interview with Bloomberg News.

LSK & Partners shares were halted in Paris on October 23, after falling 59% in 2014. Assya Asset Management Luxembourg, a unit of LSK & Partners, filed a suspension of payments request on October 24 to a local court, Luxembourg’s financial supervisor said yesterday.

Strauss-Kahn was charged in 2011 with criminal sex, attempted rape, sexual abuse, unlawful imprisonment, and the forcible touching of a chambermaid at the Sofitel hotel in Manhattan. Strauss-Kahn denied the charges, which were later dropped. He settled the maid’s lawsuit in 2012.

Leyne, 49, built his career as a financial-services entrepreneur in France, Israel. and Luxembourg over two decades, including three initial public offerings.

The board of LSK & Partners met yesterday and appointed Michel Jollant as chairman. Leyne had assumed the role last week. He died after falling from a high floor of Tel Aviv’s Yoo towers. Israeli police ruled out criminal activity related to the death.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

IE logo


The Business Hub

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up

Some of the best bits from direct to your inbox every Monday.

Sign up