J.P. Morgan Securities, on the back of the recently announced firm-wide reorganiztion, has
reduced the headcount in its London-based debt capital markets and structured finance businesses. The precise number of layoffs could not be
learned, but an industry official who has spoken to a member of the firm's human resources team says the firm has been forced to let go of high
achievers with strong track records from analyst through to the managing director level. One London-based executive recruiter says he has seen 11
resumes from the structured finance group and a handful from DCM. Calls to
co-head DCM Europe and
Tamara Adler, head of securitization, were not returned by
Eileen Darko, a firm spokeswoman, did not return calls.