JPMorgan’s Zames Shakes Up Investment Office After Loss

JPMorgan (JPM) Chase & Co.’s Matt Zames, newly appointed to lead the bank’s chief investment office after the unit suffered a $2 billion loss, shook up leadership and announced a “renewed focus” on hedging risks. Zames named new finance and risk chiefs and wrote in a staff memo yesterday that top London-based trading executive Achilles Macris would hand off duties. JPMorgan named Zames head of the office to succeed Ina Drew, whose retirement yesterday after the surprise loss marked the downfall of one of the highest-ranking women on Wall Street. More on Bloomberg here.

Share This Page:
  • email
  • Facebook
  • Twitter
  • LinkedIn