JPMorgan has lost a handful of high-ranking equity derivatives officials just a week after senior credit staffers quit. Axel Kilian, co-head of equity derivatives marketing, Juergen Bossler, responsible for German equity derivatives, Martin Bertsch, head of financial engineering, and Richard Fulton, in U.K. structured equity marketing, have all quit the U.S. house. Sarah Oppler, spokeswoman, confirmed the departures and said replacements would be made both internally and externally.
The departures follow the retirement of Chris French, head of exotics and hybrids in London, as first reported on DW's Web site last week. It could not be determined if the departures were linked to French's retirement or recent news that Bertrand des Pallieres, head of derivatives marketing for Europe, will take a leave of absence from the bank (DW, 2/7). One insider referred to Kilian, Bertsch, Bossler and French as the heart of equity derivatives at JPMorgan and noted they will be hard to replace.
