Discover your dream Career
For Recruiters

Trader joins JPMorgan, leaves six months later

There have been more goings-on in JPMorgan's seemingly volatile European equity derivatives team. 

Matthieu Létang, an executive director in Paris has left for a mysterious new role. While leaving for a new job isn't uncommon, Létang had only been at JPM for six months.

He joined the Paris office as executive director and head of PEA ("plan d'épargne action", a French tax-wrapper) funding solutions in December 2020. Prior to joining JPMorgan, Létang had only worked for French banks: he spent nearly 10 years at Natixis in Paris and four and a half years at SocGen after graduating from the prestigious masters in finance course at Paris Dauphine University.

It's not clear where Létang is going next, but he's understood to be staying on the sell-side. JPMorgan declined to comment on his sudden disappearance.

While Létang's exit might be read as the latest in a succession of exits at JPM, it could also be seen as an indicator of the buoyant hiring market in Paris. Demand for traders in the French capital is likely to accelerate in future as the European Central Bank puts pressure on banks to move traders out of London after Brexit. - The ECB has reportedly been "taking a granular look" at where desks are located and trades are booked in Europe, and might be expected to oblige banks to move more staff to Paris in future.

Photo by Khamkéo Vilaysing on Unsplash

Have a confidential story, tip, or comment you’d like to share? Contact:

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

AUTHORSarah Butcher Global Editor

Sign up to our Newsletter!

Get advice to help you manage and drive your career.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Mainframe zOS RACF Engineer
State Street Corporation
Quincy, United States
Standard Chartered Bank
Loan and Agency Specialist
Standard Chartered Bank
Newark, United States
Standard Chartered Bank
Director - Trade Sales
Standard Chartered Bank
New York, United States
Sr. Business Analyst - Hedge Fund
Oakridge Staffing
New York, United States
Claims Resolution Specialist II, Appraisal
Liberty Mutual
Seattle, United States
Excess & Surplus - Production Underwriter
Cincinnati Insurance Company, Inc.
Price, United States

Sign up to our Newsletter!

Get advice to help you manage and drive your career.