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...
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