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

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

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

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of