JPMorgan’s Zames Said to Be Ready to Announce CIO Unit Shake-Up

Matt Zames, the new head of JPMorgan Chase & Co. (JPM)’s chief investment office, may announce a shake-up of the unit after the bank reported a $2 billion trading loss, according to a person familiar with the matter.

Zames’s, 41, who replaced Ina Drew as head of the office that oversees $360 billion, could announce changes as early as today, said the person, who asked not to be identified because the information isn’t public.

To contact the reporter on this story: Steven Crabill in New York at

To contact the editor responsible for this story: Peter Eichenbaum at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.