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RPT-JPMorgan trading execs expected to leave over loss-sources
May 13, 2012 / 10:15 PM / 6 years ago

RPT-JPMorgan trading execs expected to leave over loss-sources

May 13 (Reuters) - JPMorgan Chase & Co is expected this week to accept the resignation of Chief Investment Officer Ina Drew after the bank lost $2 billion or more with a failed hedging strategy using derivatives, sources close to the matter said on Sunday.

Two of Drew’s subordinates who were involved with the trades, Achilles Macris and Javier Martin-Artajo, are expected to be asked to leave, according to the people familiar with the matter.

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