JPMorgan May Put $2 Billion Into Prop Trading Unit, WSJ Says

JPMorgan Chase & Co. may appoint Mike Stewart head of its proprietary trading unit and put $2 billion into the unit, which the company is transferring to its asset management division from investment banking, the Wall Street Journal reported, citing an unidentified person.

Stewart is co-head of JPMorgan’s global emerging markets business, according to the report.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

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