NEW YORK, Sept 18 Power market veteran Paul
Posoli has returned to JPMorgan Chase & Co. after a
sabbatical to help advise on the bank's planned sale of its
commodities business, according to an internal bank memo.
Posoli, who helped build a formidable gas and power trading
division at Bear Stearns before it was bought by JPMorgan, will
serve on the bank's management team in an advisory capacity. His
previous role running the global gas, power, coal and emissions
business will remain with John Anderson, the memo said.
"His decision to return, in and of itself, is a vote of
confidence in the value of the business that we have built,"
according to the memo from global commodities chief Blythe
Masters, a copy of which was seen by Reuters. Posoli is expected
to be part of the new entity's management team after the sale.