In Memoriam: Edward (Ed) G. Kara, 80

Worked in Treasury, Global Trading at Chase

 

Edward (Ed) George Kara, 80, of West Chester, PA, and a former vice president at Chase Manhattan Bank, died on August 2, 2024. He had  battled cancer for more than eight years.

 

Born in Queens, NY, Kara graduated with a B.S. in Accounting and Finance from CW Post before joining the U.S. Army, where he attended Officer Candidate School. As a First Lieutenant, he was deployed to Korea in the Korean Military Advisory Group during the Vietnam era. He received an honorable discharge in 1967.

 
Kara worked on Wall Street in the banking industry for over two decades. He was a Vice President for Chase Manhattan Bank, working in Treasury and Global Trading from 1976 to 1998, and then worked for Bank of New York.
 

After the death of his father in 1999, Kara retired and moved with his wife, Opal, to Asheville, NC. They enjoyed 17 years in the South, where he enjoyed being an officer of his local clock club, woodworking and making stained glass pieces in his workshop, and attending Asheville Tourists games with friends.

 

Shortly after his diagnosis, the Karas moved to Pennsylvania to be closer to family and to Johns Hopkins Hospital, where he was receiving treatment.

 
In addition to his wife of 27 years, Kara is survived by two daughters, two stepsons and nine grandchildren.  
 
 
 
 

 Remembrances

 

Please send remembrances to
news@chasealum.org

 
From Mary Molloy: I worked with Ed for many years when derivative books were first created, and we had lots of issues with CIBL in London and accrual book losses. He was a top class guy, and I learned a lot from him.  
 
From Paul Brandow: Good memories of Ed, bad memories of accrual book losses.
 
From Neil Wright: Ed had a wealth of knowledge and was very supportive when I moved to NY to run Derivative Operations. He was a valuable colleague as we went through the merger with Chemical and we consolidated the operations into a processing center in MetroTech. His detailed knowledge of the accounting, especially for some of the highly structured trades that were a nightmare to process and account for, was unique! RIP, Ed.