The man who collapsed on Aspen Mountain on Monday and was pronounced dead at Aspen Valley Hospital was identified Tuesday as David Coe.
Coe, 58, was the chairman of an asset management firm in Sydney, Australia, until 2008. It was shuttered in 2009 amid the global recession, according to the Sydney Morning Herald.
Coe, who split his time between London and Sydney, was skiing with friends when he collapsed. A Pitkin County sheriff’s deputy and Aspen Ambulance responded just before 3 p.m. to a report that ski patrollers were performing CPR on Coe.
The cause of death was cardiovascular disease, according to a Pitkin County Coroner’s Office press release issued Tuesday.
Coe’s former firm, Allco Finance Group, was part of a group that in 2007 tried unsuccessfully to buy Qantas Airways, Bloomberg News reported. Outside managers took the company reins after Allco breached loan obligations, the news service reported. Creditors closed the firm in 2009.
The Sydney Morning Herald called the folding of Allco one of Australia’s most high-profile failures during the recession.
Since the company’s demise, Coe “had devoted considerable time to philanthropic pursuits,” the paper reported. “He was a former chairman of Sydney’s Museum of Contemporary Art, and was also on the board of the Sydney Children’s Hospital Foundation and the National Gallery of Australia Foundation.”
He leaves behind a wife and three sons.