(Bloomberg) -- Dan Silber, who led Credit Suisse Group AG’s Americas foreign-exchange sales business, has died. He was 48.
He died suddenly early Sunday morning at his home in Scarsdale, New York, according to a statement Monday from his family and friends. The cause of death was a heart attack, said his wife, Sirena.
A funeral service was held Monday at Young Israel of Scarsdale synagogue, where Silber was a member. His remains will be flown to Israel, accompanied by his family, for a funeral service and burial on Tuesday at Eretz HaChaim cemetery in Beit Shemesh, about 20 miles west of Jerusalem.
“Beyond the incredible accomplishments both personal and professional, Dan will forever be remembered by his friends and family for his kindness and his compassion,” his family and friends said in the statement.
Daniel Jay Silber was born in Manhattan and raised in the Flatbush section of Brooklyn. He received a bachelor’s degree in economics from Yeshiva University in 1991 and a law degree from Harvard Law School in 1994, according to his LinkedIn profile.
Silber joined Goldman Sachs Group Inc. in August 1994. Bob Savage, who worked with him there, said Silber’s faith and community helped him navigate upheavals in the banking industry in recent years.
“When anyone that has worked as hard as Dan dies, we all lose, but today is even sadder given the expectation that he had much more to show us,” said Savage, who’s now chief executive officer of Track Research, a website for investment analysis in New York.
After his stint at Goldman Sachs, Silber moved to HSBC Holdings Plc in 2003, where he spent more than a decade, including as head of markets institutional sales for the Americas. He joined Credit Suisse in December as a managing director and head of Americas foreign-exchange sales.
“On behalf of all employees, we extend our deepest sympathies to Dan’s family at this difficult time,” Nicole Sharp, a spokeswoman for the Zurich-based bank, said in an emailed statement.
Silber was also involved in a number of local institutions near Scarsdale, where he lived for the past 20 years. He served in leadership roles at the Westchester Day School and the Young Israel of Scarsdale synagogue.
He is survived by his wife; three children, Joseph, Jack and Rebecca; his parents, Lillian and William Silber; and his brother, Jonathan Silber, and sister, Tammy Chesner.
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