JPMorgan To Replace Prime Brokerage Chief

May 31 2012 | 2:36am ET

JPMorgan Chase is shaking up its prime brokerage business.

Lou Lebedin has led JPMorgan's prime brokerage since the bank bought Bear Stearns, where Lebedin was also prime brokerage chief. But he's set to be replaced this summer by Teresa Heitsenrether, JPMorgan's European prime brokerage head.

Heitsenrether will return to New York to take up her new role.

As for Lebedin, he will remain at JPMorgan and will move to a new unit by the end of the summer, CNN Money reports.

Lebedin's move and Heitsenrether's promotion are said to be unrelated to the trading scandal that rocked JPMorgan this month.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of