JP Morgan's new equities trading chiefs name top team

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Leung, who has worked for JP Morgan since 1997 and previously ran Asia-Pacific equities, and Sippel, a 14-year veteran of the bank who previously led prime services, took over the global equities business after the departure of Tim Throsby to Barclays, where he will be president of the corporate and international division.

In a memo sent to JP Morgan staff on November 2, seen by FN, Leung and Sippel announced their senior bench.

Fater Belbachir, who had run volatility trading and structuring in the Americas, will take charge of volatility trading globally, and shift from New York to London.

Luiz de Salvo and Dennis Fitzgerald, co-heads of cash equities trading in the Americas, will take charge of the business globally in addition to their Americas brief, with Daniel Ciment, global head of equities electrnoic trading, reporting to them but also joining the management team of JP Morgan’s markets execution business.

Paul Brannan, US head of prime brokerage, and his Emea counterpart Jonathan Cossey, have been named global co-heads of that business.

Other senior names in the line-up include Nick Rustad, who stays global clearing head, Stephen Davison, who remains in charge of technology governance but will lead a new global analytics initiative at the bank, and David Robertson, who will take charge of international financing including fund-linked products.

Program trading and ETF block trading will fall under the remit of Chris Berthe and Charles Chang, who become co-heads of JP Morgan’s global delta one trading business.

Patrick Moisy will continue to run JP Morgan’s global capital and funding operations across equities and investor services.

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