Saturday, 20 December 2014
Last updated 22 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.