J.P. Morgan in London has hired Will Oswald, director and head of interest-rate and external debt relative value strategy for Eastern Europe, Middle East and Africa at Deutsche Bank in London. He will join as managing director and head of emerging market quantitative strategy.
Oswald replaces Jonathan Bayliss, who himself joined J.P. Morgan from Deutsche Bank in 2001 and left in April to take a position with hedge fund Tudor in London. Oswald starts this week and reports to Joyce Chang, global head of emerging markets and global currencies and commodities research. Oswald was still on gardening leave last week and could not be reached, while Chang did not return calls by press time.
At Deutsche Bank, Oswald reported to Marc Balston, managing director and head of quantitative research for emerging markets. Balston said he plans to hire for the team, but not to replace Oswald directly.
Separately, J.P. Morgan has also hired Marco Quaranta, a v.p. in emerging markets structuring at Deutsche Bank, as a v.p. in a similar role reporting to Mark Webster, v.p. and head of emerging markets structuring. Neither Quaranta nor Webster returned calls by press time.
