UK
Tag: Bruno Iksil
Outrage as senior trader let go after a tiny $10m-$25m loss
In a sign that French banks are becoming extraordinarily risk averse, BNP Paribas is said to have let go of a senior trader after a loss that would barely merit a mention at rival banks. The Financial Times says that Lionel Crassier, the former head of U.S. equities for BNP Paribas, has left the French bank after […]
Over 4,600 people have gone from J.P. Morgan’s ‘London whale’ division
There’s one area of J.P. Morgan’s business that stands out as losing a significant number of staff during the first quarter – its corporate and private equity division that houses the Chief Investment Office (CIO), home to the now infamous ‘London whale’ Bruno Iksil. It now employs 18,026 people, more than 4,600 less than at […]
Plenty of Bruno Iksil’s CIO colleagues still work for JPMorgan
More fallout is emerging from last week’s Senate Testimony relating to the JPMorgan ‘Whale Trade’ of last year. Alphaville has alighted upon an org-chart showing who was who at the chief investment office (CIO) in London. Interestingly – and surprisingly – it seems that many of Iksil’s colleagues and members of Javier Martin-Artajo’s former team […]
Late Lunchtime Links: JPMorgan trader with the giant missile on his wall turns out to be the best paid
How can you spot a very highly paid trader? Flashy cars are often an indicator. So too may be very large photographs of a missile on the wall of your apartment. Documents released by the US Senate ahead of today’s panel investigating what went wrong with the so-called London Whale, revealed that Achilles Macris, a […]
Late Lunchtime Links: Where the jobs should be at JPMorgan
There has already been quite a bit of risk and compliance hiring at JPMorgan. In the wake of last year’s massive trading loss, insiders say the bank moved quickly to strengthen its risk and compliance teams and to strengthen controls across the bank. This may not be the end of the affair, however. The US Office […]
Traders and trader managers beware: does the Javier-Martin Artajo case suggest you’re personally liable for your team’s losses?
The big news today is that JPMorgan is going after Javier Martin-Artajo, the former boss of Bruno-Iksil. A Spaniard, Martin-Artajo joined JPMorgan from Dresdner in 2007 as head of credit trading. Bloomberg reports that JPMorgan has filed a claim against Martin-Artajo personally. The precise nature of the claim is unclear. However, with losses from the Iksil affair totalling […]
Night Links: Is this a genuine photograph of Bruno Iksil? JPMorgan wants forceful risk staff
Lunchtime links are very late today. They are not lunchtime links. They are late, late links. Sorry We bring you, however, what may or may not be a photograph of Bruno Iksil – whom it emerged today has lost his job at JPMorgan along with Achilles Macris and Javier Martin-Artajo. Having had his compensation clawed back […]
Lunchtime Links: Pity Ina Drew – she may simply have been politically outfoxed
Ina Drew’s departure was reportedly a tearful affair. She’d worked at JPMorgan for 30 years, kept her head down, and – until April – been widely admired. We’ve already looked at Ina Drew’s profile in the eyes of her former HR managers. Now Bloomberg has spoken to some of Drew’s former bosses and investment colleagues […]
Late Lunchtime Links: Banks’ HR staff offer insights into Ina Drew, the frighteningly intelligent head of JPMorgan’s chief investment office
Bloomberg has an interesting piece on Ina Drew, the $14m a year 55 year old incredibly successful Wall Street woman you hadn’t previously heard of. Drew is head of JPMorgan’s chief investment office. She’s worked for JPMorgan (or its forebears) for 30 years and has been head of the chief investment office since February 2005. […]
10 important repercussions of JPMorgan’s CIO blow-up
If you don’t know already (which is unlikely), JPMorgan has fallen suddenly from its pedestal of earning an average of more than $4bn a quarter for the past two years. The bank held a conference call last night to coincide with the release of its Form 10q to confess that it will post a loss […]
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