JPMorgan Investment Chief Exits Amid Fallout From $2B Loss

Law360, New York (May 14, 2012, 4:21 PM EDT) -- JPMorgan Chase & Co. on Monday announced the retirement of its chief investment officer, the first shoe to drop amid scrutiny by regulators and lawmakers over last week's revelation that the bank had lost $2 billion in a botched hedging strategy.

Ina Drew, who headed the bank’s chief investment office, will be replaced by Matt Zames, currently the co-head of the global fixed income group of JPMorgan’s investment arm and head of the capital markets group of the bank’s mortgage arm, the bank said.

"Ina Drew...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.