Obituary of David Pflug
David Lloyd Pflug Jr. who during a near–three decade banking career helped
lead debt-restructuring efforts with the governments of both the Philippines and South
Korea and Long Term Capital Management, died July 3 at Norwalk Hospital. He was 65.
Mr. Pflug was a voracious reader who maintained an extraordinary library in his
New Canaan home that epitomized his wide and eclectic interests. Although his
passions were largely centered around military history, they also ranged further afield,
from Penn State football and the New York Giants to spy novels.
A historian at heart, Mr. Pflug was a true expert in the Civil War and World War
II. One of his idols was Winston Churchill, and he filled his library shelves with dozens
of studies of the British wartime leader. In Churchill, Mr. Pflug saw someone who, like
himself, was a man of fierce intelligence and varied interests.
Mr. Pflug was by nature quiet and reserved. Yet those who grew close to him
knew a warm and loving man who was intensely loyal to family and friends. He was a
gracious host who enjoyed pouring a nice bottle of wine at the dinner table and
engaging in lively conversation.
Mr. Pflug was born on Sept. 22, 1946, to the late Margaret King Pflug and Dr.
David Lloyd Pflug. He was raised in Teaneck, N.J. He attended Xavier Academy in New
York City, and graduated from Cornell University with a degree in government. He
received his master’s in political science from Washington State University, after which
he began his banking career with Manufacturer's Hanover Trust.
Early in his career he was posted to Bangkok, Thailand, where he headed the
bank’s representative office. That was followed by an assignment to Manila as branch
manager. After returning to New York, he became the Vice President and Regional
Manager for Southeast Asia, playing a major role in working with the government of the
Philippines in the country’s debt restructuring.
In later years he led the bank’s efforts in restructuring the debt of Long Term
Capital Management and the government of South Korea. Following the merger with
Chemical Bank in late 1991, he was promoted to the role of Senior Credit Officer for
International and continued in that position after Chemical acquired Chase Manhattan
Corporation in 1995. When Chase acquired JP Morgan in 2000, he was named Chief
Credit Officer for the investment banking arm and oversaw risk management.
While at Cornell he married Patti Jo Vita, and they shared 44 years of marriage
that included their adventures living overseas together. After returning to the United
States, they moved to New Canaan, Conn., with their son David and daughter
Elizabeth. It was during David and Elizabeth's high school years that another passion
consumed Mr. Pflug's life: their lacrosse and field hockey teams at New Canaan High
School and later, at their respective universities. A loyal fan to his children's teams, he
would make sure to always leave work in time to make each of their games, home and
away.
A resident of New Canaan for 31 years, he was a member of the Senior Men's
Club and the Country Club of New Canaan. He also was a summer resident of Block
Island, Rhode Island.
In addition to his parents, Mr. Pflug was pre-deceased by his son, David Lloyd
Pflug III. He is survived by his wife Patti Jo of New Canaan, his daughter Elizabeth, sonin-
law Timothy Donahue of Rye, NY, daughter-in-law Kristen Eberhard of Glencoe, IL,
and five grandchildren, Charles and Nicholas Pflug, and Riley, Lucy and Hillary
Donahue.
A Memorial Mass will be held at 10 a.m. on Monday, July 9, at St. Aloysius
Church, 40 Maple Street, in New Canaan. In lieu of flowers, contributions in David's
memory may be made to the Norwalk Hospital Foundation, 34 Maple Street, Norwalk,
Ct., 068 56, or online at norwalkhospitalfoundation.org.