People: Three axed over JP Morgan trading losses
CIO traders leave JP Morgan - the bank also creates new division, reshuffling top management; Deutsche hires Houari from Barclays; deputy fixed-income head leaves Nomura; new hedge fund hires top quant; Citi boost credit sales and trading
The fallout from the losses in JP Morgan’s chief investment office (CIO) continues, with three of the unit’s traders – Bruno Iksil, Achilles Macris and Javier Martin-Artajo – leaving the bank.
The departure of Macris, European head of the CIO, Martin-Artajo, a manager in the unit, and Iksil, who reported to both as a senior trader, had been expected since the losses came to light, but sources at the bank suggest this was delayed pending an internal review.
Under the watch of these three, the CIO
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