OBITUARY

Douglas Arthur CARUCCI

December 8, 1965March 9, 2019

Doug touched many people, professionally and personally with his high energetic style, a can- do approach and a man of candor. He was a role model, a mentor, a leader and an amazing person to be with. There are not enough words that can express the kind of person he was --humble, loving, generous and thoughtful. Doug enjoyed traveling, photography, music and art. He also shared his love to all through his passion of cooking.

Professionally, Doug was a managing director in quantitative trading and recently promoted to Global Head of Macro Technology. Prior to that, Doug was the Head of Technology for J.P. Morgan’s currencies, commodities and emerging market businesses. Doug made many great contributions to their electronic trading businesses which shared his deep subject matter expertise and his interest shined. He joined the bank in 2011 from Sun Trading and previously spent 10 years as head of front office technology at Citadel. Doug possessed a very rare knowledge of markets, business acumen, analytics, technology and people leadership.

He is survived by his wife Cindy and his two sons, Joshua and Nicolas, mother and father, Frances and William Carucci, brother, Bruce Carucci, and sister Jennifer Waters. Doug was a great father, husband, brother, son, cousin and friend. He was loved by many and we will miss him tremendously.

The family has asked in lieu of flowers, contributions may be made to Douglas Arthur Carucci Scholarship Fund.

Services

  • Funeral Service Friday, March 15, 2019
REMEMBERING

Douglas Arthur CARUCCI

have a memory or condolence to add?

ADD A MEMORY
Vajra Natarajan

March 27, 2019

I heard about Doug's passing tonight. I met Doug in 1995, when I first started at Credit Suisse First Boston in New York. We went on the work both at CSFB in London and then at Citadel.

Doug was a kind, humorous, energetic, generous, curious and intelligent man. I have so many cherished memories of him that selecting one is impossible. I am deeply saddened by his passing.

Raymond Heng

March 20, 2019

We may not have worked directly a lot but Doug struck me as a energetic, business friendly and forward looking leader. Shell-shocked to hear about the loss. Will miss you Doug!

Eric Lau

March 19, 2019

The universe crossed our paths in 2012, when I walked into Doug’s office at the end of an interview. I came as a fledgling graduate, from a buy-side firm that shut down one month into my career. I wasn't too sure about trading at that point, and my colleagues had warned me of the menace at big banks, so I was skeptical to say the least. Yet, even armed with that sort of salt, the gravity of his personality was unmistakable, and before I knew it I had signed up to work for him.

Admittedly, Doug was far more significant in my life than I was in his. He gave me the start to my career, and while I had never got the chance to grow into a position that could truly be valuable to someone at his level, he always made the time of day for me. Even when I stopped working for him, based on his recommendation of me to the front office, he remained a mentor to me. We had talks over coffee, and talks over drinks. He gave his advice freely, and encouraged me to do what was best for myself. He spoke of growth, progress, and family. He spoke of real estate investing, and his really fast Tesla.

This was tough news for me to hear, so to the family I share my condolences. Doug has touched many, and has left behind a success and legacy for all of us to aspire. I hope that his greatness can be celebrated in company with this grief, so that it may serve as some small amount of solace in this difficult time.

Michael Tubis

March 19, 2019

Doug was a very successful man. Not only in business of course , but with his long happy marriage to Cindy. They were inseparable. Raising his 2 boys ,Josh and Nick, who he taught a hard work ethic and strong morals too.
Friendships he had ,enduring over decades.
Becoming his family patriarch ,who was always there for them when they were in need.
Doug and I first met in 10th grade. A group of us formed a tight bond that I never have found again in other friends since, We were all very close. A few years later I had started college and it was time for me to come out as being gay.
Doug was the first person I was going to tell. It was tough back then to come out, not like it is today. I was scared, nervous, didn’t know what he’d think. After a game of racket ball I blurted it out. “I’m gay”. He said “I know, I don’t care. You’re my friend and will always be”. 37 years later ,we were still friends.
He valued friendship more then anyone I know. Through the years of him moving from place to place, he always kept the friendship going.
About 3 weeks ago I received a text of a picture of myself and Doug when we were 18. He said he was scanning old pics
I thought that was such a warm sentimental thing to do. I was surprised he would do such a thing. But then I thought about it, no ,that’s exactly what Doug would do. He cared so much about friends.
Back in our younger days he was our leader, and taught us many things. But probably the greatest lesson he’s ever taught me was the one I learned from him on Saturday March 9th , 2019. That someone we cherish so much can be taken away from us in a moment. That we should tell the ones we’re close too, that we love them, that we appreciate them, that the’re special to us. Give the people you care about a big hug .Because sometimes, you might not ever get the chance again.
R.I.P. my friend.

Eric and Roxanne Medina

March 17, 2019

We have so many great memories with Doug and Cindy - starting from the 1980s until two weeks ago. There are too many to mention. Our friendship went through so many stages together. Dating, marriage, kids..Roxanne and I are truly blessed to have Doug and Cindy in our lives for all these years. Every time we were with Doug, we would always try to make him laugh a bit, knowing how his work was a bit stressful at times. Most of time we got him to laugh, but sometimes we got the “stare” and a classic “what!” if we were off base. Most of time I was able to get him to laugh and smile - that smile, we used to joke that was one of a used car sales person, but it was totally Doug and unforgettable.

During our last time out with Doug and Cindy, we had dinner, drank some wonderful sake and played pool. I was playing pool with Doug and it was a close game. He needed a final shot to beat me, an impossible shot. I was joking that he couldn’t make it, and I pranced off confidently. He analyzed the shot from several angles, took several minutes to make sure he hit his angle. He made the shot, a truly great shot! He erupted with laughter, I was amazed and we both laughed and high fived. A great lasting moment I will never forget. He had that smile on for several minutes and we loved it!

We loved Doug because he lived in the moment. We never heard of any regrets, he didn’t have time for them. He was all about living now and moving forward. We will move forward Doug, we promise, but we will look back at you forever and be grateful for the years we had together. We will miss you.

Jennifer Carucci- Waters

March 16, 2019

I found a passage from a book that my brother was reading, Everyone’s Talmud-“A soul is not just the engine of life; it also embodies the why of a thing's existence, its meaning and purpose. With the introduction of the soul, the body acquires life, sight and hearing, thought and speech, intelligence and emotions, will and desire, personality and identity. My brother had a soul with a purpose and a meaningful life that left something behind for each person he interacted with. You knew he loved you by his thoughtfulness and actions. Our Aunt, an artist/ sculptor, who taught in camps and schools, traveled the world, and loved nature, played a major role in our upbringing. While looking through pictures, I recently found a letter that she wrote when I was 10 years old- "you are not the only one who thinks about life and what happens after- everybody wonders about it and I do too. We just have to accept it. That is how the world is made. And worrying about it will not help, you or me or anybody. When I was your age, I thought a lot about it, just like you. When I went to school, I was too busy to think about it. I thought more of nature and the beautiful flowers and the sunshine and I was able to appreciate life and all the things I was able to enjoy, So, you must also enjoy the things you like, you go to school and learn new things every day and that is what keeps us happy and busy.” My Aunt instilled values that extends beyond religion. I believe that he is with her looking down on me giving various task to complete. I will not disappoint!! Life is short, and we need to live life to its fullest as Douglas did just that. Now, there is a hole in universe that needs to be filled. We can fill the hole and continue his legacy by striving to do our best and continue to learn new things each day. There is no such thing as a self-made person. Someone else believed, encouraged, and invested in you. Be grateful and be that someone for others, like Douglas did for so many.

Jean-Marc Bottazzi

March 15, 2019

The Human Skyscraper
When I met Doug in the 90s at First Boston we immediately clicked, this lasted until now. We were visiting Tomb Raider temples in Cambodia as recently as last month. What attracted me in Doug? Probably how Doug combined his infectious resolution to reach the sky with foundation of no non-sense roots. Tall and anchored like a human skyscraper fit for the Manhattan skyline. Without this anchor he would be merely a detached bird. Doug appears bigger than life, because he is. Life itself stretches him. He is the Bronx in Wall Street, but also Wall Street in the Bronx. His elevator goes both up and down, and definitely makes it to the top. Goy mensch or Italian Jew? Well a little bit of both. He always cherished the jewish values that opened him to the world. He got those through his Aunt, this very Aunt now sharing this resting place with him. Doug however was not religious. Did he have a Bar-mitsva ? Who knows. Italian from the Bronx he finds love from Porto Ricco, his wife Cindy. Doug the Italian American shops for food in the true Little Italy : the one in the Bronx. Verticality defines Doug. The lift of Doug’s curiosity, his open-mindedness and sheer energy creates this upward thrust. If you work with Doug, he believe in you more than you believe in yourself. Community college kid, fellow programmer, or just unrooted foreigner, whatever ... Doug brings you along to his upper floors as you start to believe him, you go higher and higher, blasting the ceilings of mental ghettos, Doug’s attitude becomes your altitude.
Recently we we bought a piece of art from Dohosuh, a Korean artist together. A pair of identical intercoms. One each. To us they were like having our own private walkie talkie to keep in touch ... somehow. What better way is there to engage the human skyscraper anyhow? When I do not know what to do, I ring the intercom and ask “what would Doug do?” Because the answer to that question is ... always the right thing.

Kelly Roche

March 15, 2019

I sat next to Doug a couple year's ago at JPM - next to the FX e sales business. Doug was a unique guy - super humble to all those he interacted with, regardless of their title. I loved chatting it up with Doug, he spoke so much about his two sons and his wife, time in Chicago and just so much about his boys in college. He was very proud of them. One thing that always intrigued me about Doug was how many people valued his opinions and relied on him. It was like he was the Mr Fix it - the problem solver. Everything had to be run by Doug, everyone needed his opinion and his phone was constantly ringing... My deepest condolences to his family and all those that were close to him!

Justin Cohen

March 15, 2019

Doug was spirited, curious, warm, and generous. He made such deep connections with so many people: one on one.

Warmth
We first met during an interview process, in 2012/13, where he quickly transitioned from customary interview questions to an in-depth conversation covering many topics - Doug regularly turned profound observations into deep personal connections. We joked about common industry tropes from the Chicago trading community and spoke seriously about software, controls, and e-trading. We discussed cooking, and restaurants, as he generously created time to develop a bond.

Generosity
Doug and Cindy joined gatherings in my home where we ate and drank, continuing our conversations about an ever wider range of topics: art, photography, real estate, and tequila. We recently spent time together in the Bronx with Cindy, where he showed Jess and I his favorite spots to buy meat, cheese, bread, and so forth, but only after he had generously gifted us a set of remarkable cook books he claimed he could no longer fit in his new apartment.
He beamed about his family, about Cindy’s business, about his sons.
We had lunch together chatting about cooking techniques (sous vide, Green Egg, pizza ovens, etc.), Teslas, his family, and his past start-ups dating back to his teenage years.

Curiosity
Professionally, Doug and I discussed often and over the course of years ‘the right thing.’ How can things be safer, faster, and more reliable? How do we communicate what we’ve done, and what we’re going to do to all of the various people and groups inside and outside of the bank? Doug’s thoughtful impact permeated all areas he touched.
Personally, Doug’s extraordinary mind traversed world history and the interpersonal: India, Cambodia, Florida, London, Chicago, and elsewhere; what made these places and their people tick? What was important to them? How did their tools work? How can betterment be achieved?

Doug created progress.
Doug is loved, missed, and revered.

Alex Shpiller

March 15, 2019

Doug was truly unique. He was an amazing friend, a fantastic co-worker and a world class mentor who empowered people to be at their best. He bought positive change to JPM and his visions, innovative ideas, relationships which he built and ability to find a way to push the ball further than anyone while bearing the responsibility of a true leader will never again be replicated. Doug was a gem and those of us who are lucky enough to have been in the same room as him will have that engraved our memories forever.

Doug was my boss for the last 2.5 years and this was the only time in my entire career where I actually looked forward to going to work every day knowing that I will have a chance to do some work which will eventually be discussed with him. Doug listened and heard everyone; he opened doors for everyone and had a special talent for creating strong links between folks that would otherwise never have met. His genuine excitement for innovation and the aspiration of seeing these ideas implemented was surreal, uplifting and inspiring. Knowing that I could go to him and speak about anything on my mind was truly special. Knowing that he always had my back, as long as, I was on the right path was so empowering that I felt like I could move mountains. The opportunities he created and the experiences we shared will remain in my memory forever.

I was lucky enough to spent time with Doug and Cindy a few times where I was able to see how much love he had for his family (and the BBQ grill in his backyard which was a strange, green, egg-shaped grill) will never be forgotten. Doug also loved his Tesla - regardless of how many speeding tickets he would get in midtown.

I cannot begin to fathom how difficult it must be for Cindy, Josh, Nick and the rest of the family. Thank you for everything. My condolences, prayers, thoughts and love are with you.

Alex Shpiller

FROM THE FAMILY