Reshuffled JPMorgan Prime Unit Loses Tech. Chief

Sep 27 2012 | 11:58am ET

A top executive at JPMorgan Chase's prime brokerage business has left the firm, the latest departure from the bank's hedge fund services unit.

Robert Murphy has quit after six years at JPMorgan. He was head of technology solutions at its prime unit.

It is unclear why Murphy left the bank or what his future plans are.

Earlier this month, JPMorgan shook up its prime brokerage as part of a broader reshuffle of its investment banking division. Carlos Hernandez, global head of equities, was named head of prime brokerage services. And a few weeks ago, two members of the prime brokerage sales team, Peter Lacalamita and Mary Beth Wolfe, left the firm.

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