Sunday, 21 September 2014
Last updated 1 day ago
Jan 31 2011 | 1:37am ET
A former fund manager at Duquesne Capital Management has landed a top job at JPMorgan Chase.
Irene Tse was named chief investment officer for North America and a member of the banking giant's executive committee. Tse was most recently a global macro portfolio manager at Duquense, working closely with founder Stanley Druckenmiller. Druckenmiller last year decided to close the hedge fund after 30 years.
Prior to joining Duquesne, Tse was co-head of U.S. rates at Goldman Sachs.
At JPMorgan, Tse succeeds Althea Duersten, who is retiring later this year.
“I’m thrilled that we’re bringing aboard such a major talent as Irene," new boss Ina Drew, JPMorgan's CIO, said. "It says a lot about our company that the best people in our industry want to work at JPMorgan Chase."
Aug 25 2014 | 11:21am ET
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Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.