September 25 — Former HSBC Holdings Plc chief investment manager Neil Ellerbeck strangled his wife to death after discovering she was having affairs with two men, including their son’s tennis coach, prosecutors said.
Ellerbeck, who worked in the global liquidity business of HSBC’s asset-management division, was also having an affair and had withdrawn more than 103,000 pounds ($165,000) in cash from his bank accounts to keep it from his wife in case of a divorce, prosecutor Ed Brown told a jury yesterday at the Old Bailey criminal courthouse in London.
“He began squirreling away large sums of money to keep away from his wife should divorce in the end become inevitable,” Brown said. “The defendant was a controlling, secretive and jealous man.”
The former banker was arrested and charged in November with murdering Katherine Ellerbeck a few days after her body was found at their home in London. Ellerbeck denies murdering his wife, according to reports in the Daily Telegraph and the BBC.
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