Blythe Masters to leave JP Morgan after 27 years

Blythe Masters
By Hazel Sheffield
03 Apr 2014

Blythe Masters, the JP Morgan banker widely credited for spearheading the invention of credit default swaps, is set to leave her post as head of global commodities and CIB regulatory affairs after 27 years at the firm.

Masters led the team of JP Morgan credit traders and structurers that structured the first swap in order to transfer risk off the balance sheet when it extended a $4.8bn credit loan to Exxon in 1994. Credit default swaps were adopted by other firms as a new way ...

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