Two senior credit traders are leaving JPMorgan soon
As we reported earlier this week, JPMorgan has reorganised its EMEA investment grade credit trading team and has been hiring. But it's also preparing for people to leave.
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It's understood that both Pierre Morel, the bank's Paris-based head of EMEA financial credit and Remy Yazigi, JPMorgan's Paris-based global head of macro credit trading are on their way out.
Morel has been at JPMorgan since 1998. Yazigi has been there since 2008. Morel is thought to be retiring. Both were in management rather than direct producing roles.
The exits are thought to be part of a shakeup of JPMorgan's investment grade credit trading team under which James Wilson and Paris-based Frederick Salt have been promoted as team heads.
JPMorgan's European credit team has made various hires, of whom the most significant may be Saba Danish, the former head of European credit sales at Morgan Stanley. Danish, who is a popular figure in the market, is expected to work alongside Pauline de Abravanel, JPMorgan's London-based head of high yield sales.
JPMorgan declined to comment.
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