Bank of America Starts Review Into London Summer Intern Death

Bank of America Corp. (BAC) said it began a review after 21-year-old intern Moritz Erhardt died one week before completing a summer program in London.

The bank has “convened a formal senior working group to consider the facts as they become known, to review all aspects of this tragedy,” John McIvor, a bank spokesman in London, said in an e-mailed statement today. Erhardt “was popular among his peers and was a highly diligent intern at our company with a bright future.”

Erhardt, who was on a seven-week pre-graduate program, died last week, Bank of America said earlier this week. The death is being treated as non-suspicious, a spokesman for the Metropolitan Police in London said then.

Erhardt was found unconscious at Claredale House, a student residential facility in East London. He was pronounced dead at the scene after being treated by paramedics, said the police spokesman, who asked not to be identified, citing agency policy.

In addition to Charlotte, North Carolina-based Bank of America’s investment-banking division, Erhardt also had work experience at KPMG Consulting, Morgan Stanley and Deutsche Bank AG’s (DBK) corporate-finance division, according to his biography page on social-network site seelio.com.

He was a former exchange student at the University of Michigan’s Stephen M. Ross School of Business and attended WHU - - Otto Beisheim School of Management in Vallendar, Germany, according to his profile page.

To contact the reporter on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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