JPMorgan Names Katz, Rubinstein Oil Trade Heads as Frase Leaves

JPMorgan Chase & Co (JPM), the biggest U.S. bank, appointed Jeff Katz and Mitch Rubinstein co-heads of global oil trading to replace Jeff Frase, according to an internal memo.

Katz and Rubinstein will report to Blythe Masters, the bank’s global commodities head, New York-based Masters said in the July 2 memo obtained by Bloomberg News. Marie Cheung, a JPMorgan spokeswoman in Hong Kong, declined to comment when contacted by phone today.

Frase will join Noble Group Ltd. (NOBL) as the head of oil liquids trading, based in the U.S., said a person with knowledge of the move who asked not to be identified because the information isn’t public. Frase couldn’t be reached on his office phone in New York after normal business hours.

SparkSpread reported the appointments earlier.

To contact the reporters on this story: Chanyaporn Chanjaroen in Singapore at cchanjaroen@bloomberg.net; Michelle Yun in Hong Kong at myun11@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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