Credit loses stars

The first few months of 2003 have seen a steady stream of high-profile fixed-income professionals leaving the investment banking world, and if the market downturn persists, the trend could well continue.

At JPMorgan, Bruce Carnegie-Brown has retired from his position as head of European and Asian debt capital markets after almost 20 years with the bank, to be replaced by Ed Giera. His departure has followed those of Mike Weston and Richard Johnson, global heads of debt syndicate at