Tom Cole Obituary, Death – It is with heavy hearts that we announce the passing of Thomas “Tom” Cole, a beloved husband, father, brother, and accomplished individual who left an indelible mark on the worlds of swimming, finance, and Christian ministries. Tom, aged 63, peacefully transitioned to his heavenly home on Monday, December 25, 2023, following sudden cardiac arrest. Born on September 3, 1960, to E. Joseph and Fay Cole, Tom grew up in Arlington Heights, IL, where he attended Prospect High School. His remarkable swimming career began there, and he went on to win three state titles. Tom’s prowess in the 100-yard butterfly set a state record, standing unbroken for 17 years.
This success paved the way for Tom’s collegiate journey to Indiana University (IU) on a full scholarship. At IU, he excelled both academically and athletically, becoming an award-winning captain of the swim team and a member of the Sigma Chi Fraternity. His senior year saw him clinch the big ten championship in the 200-yard butterfly, earning him the title of NCAA all American. Tom graduated in 1982 with a finance degree and later earned an MBA from the University of Chicago Booth Business School.
Tom embarked on a nearly four-decade-long career in banking, contributing his expertise to renowned institutions such as Deutsche Bank, HSBC, and Citibank, where he served as the head of Leveraged Finance before his retirement in 2021. He balanced his professional achievements with active involvement in the academic community, serving on the Dean’s Council of the Kelley School of Business at IU and receiving prestigious accolades, including his induction into the Academy of Alumni Fellows in October 2023.
Tom’s dedication extended beyond the corporate world. He found fulfillment in his faith and commitment to Christian ministries. A founder of the Manhattan chapter of New Canaan Society (NCS), Tom played a pivotal role in its national organization, ultimately serving as Chairman. Later, he contributed to Faith in Financial Services in New York, where he served as a founding member and president.
Amidst his achievements, Tom held family as his top priority and greatest joy. A devoted husband of 18 years to Kim, Tom was the proud father of Jenna, Tara, and Jonathon. His grandchildren—Braden, Claire, Thomas, and Emery— affectionately knew him as “Pop.” Despite facing two previous heart attacks, Tom remained resilient and imparted his wisdom to his children through his book, “The Narrow Gate: Fatherly Advice For Navigating the Pathway for Your Best Life.”
A memorial service to celebrate Tom’s life will be held at The Compass Church in Naperville, IL, on Saturday, January 6, 2023, at 11:00 am. A Celebration of Life in New York City will follow at a later date. In lieu of flowers, contributions to a charity of personal significance are appreciated. In memory of Tom Cole, we reflect on a life lived with purpose, faith, commitment, and love—a legacy that will continue to inspire generations to come. May he rest in eternal peace.
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