He was 47. He died yesterday, according to the website of Hellman Memorial Chapels in Spring Valley, New York. He lived in New City, http://vickhoerysc.blog.de New York, about 30 miles (48 kilometers) north of Midtown Manhattan. Ro Bawa, managing director in charge of convertibles at Deutsche Bank Securities Inc. in New York., said Posnack was a legendary sales trader and a one-of-a-kind character. They their website worked together for 10 years, until Posnack left Frankfurt-based Deutsche Bank in 2008. He was super chatty, on the phone 24 hours a day, often two phones to his ear, Bawa said. He loved it. He was made for this. They were among three convertible bond salesmen hired by Deutsche Bank from Belgium s KBC Bancassurance Holding NV in 2001, when convertibles -- bonds that can be converted to common stock -- were a fast-growing asset class.