The entire London staff of JPMorgan Chase’s chief investment
office is at risk of dismissal as a $2 billion trading loss prompts the first
executive departures as soon as this week, a person familiar with the situation
told Bloomberg gurus.
Ina Drew, who oversees the unit, resigned today, the bank
said in a statement. Joseph Evangelisti, a bank spokesman, said before her
departure was announced that Drew would have no comment. While the firm is
examining whether anyone in the unit, which employs a few dozen people in
London, sought to hide risks, there isn’t yet evidence that’s the case, one of
the people said.
Macris, 50, and a trader on his team, Javier Martin-Artajo,
also are leaving the New York-based firm with Drew, the Wall Street Journal
reported yesterday, citing the unidentified people. Macris and Martin-Artajo
didn’t respond to messages left outside of regular business hours…
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