JPMorgan has appointed Ashley Bacon, head of Asian interest rate trading in Tokyo, and Michael Davie, head of non-euro interest rate swap trading in London, as co-heads of European interest rate trading in London as part of a reorg of its rates group. Previously, there was a business head for European interest rates in London, Rob Standing, who oversaw the entire group, including trading. Standing left in February and his departure caused a reassessment of the organizational structure, said Sarah Oppler, spokeswoman in London. Bacon declined comment and Davie did not return calls.
Tom Hoppe, global coo for credit and interest rates in London, has taken Standing's role as business head for European interest rates. Bacon and Davie report directly to Hoppe. This change allows Bill Winters and Don Wilson, global co-heads of credit and rates markets in New York, to have fewer direct reports, said an individual close to the situation. Hoppe and Winters did not return calls. Wilson could not be reached for comment.
