...While J.P. Morgan Makes Cuts
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 John Mayne, co-head DCM Europe and Tamara Adler, head of securitization, were not returned by press time. Eileen Darko, a firm spokeswoman, did not return calls.