Job moves
QUOTE OF THE MONTH: - “It is likely that doubt and a lack of market confidence will affect all energy trading for some time to come” Francis Hervé, chief executive of EDF Trading, the London-based trading subsidiary of Electricité de France (EDF), commenting on how the Enron collapse has been a major blow to market confidence in Europe. Source: RiskNews, May 28
Marc Shapiro, head of finance and risk management at JP Morgan Chase, will retire from the bank at the end of next year. Confirmation of Shapiro’s departure came amid a management reshuffle announced by chairman and chief executive, Bill Harrison, which saw Bill Winters (right), co-head of credit and rates, promoted to deputy head of investment banking.
Shapiro’s plan to retire gives Donald McCree, managing director and head of global credit
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