Keith Styrcula, v.p. and senior marketer of U.S. equity structured products at JPMorgan in New York, has left the firm to start an independent structured products shop in January. Styrcula said the firm will likely offer consulting services as well as launch customized structured notes, swaps, options and hybrid products on funds.
Styrcula, who is also chairman and founder of the Structured Products Association, said he will work with five or six partners on the initiative. Their names will be announced by the end of bonus season, he said in an email to DW. The name of the group has not yet been announced but it is being called Project Paradigm for the time being.
At JPMorgan, Styrcula reported to Bill Shelton and Scott Mitchell, both v.p.'s in structured investments. Shelton, Mitchell and Brian Marchiony, a spokesman for JPMorgan, declined comment on the reasons for Styrcula's departure.
