Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

JPMorgan’s Gulya Said to Leave as Equities Staff Shrinks

March 20 (Bloomberg) -- JPMorgan Chase & Co., the largest and most profitable U.S. bank, dismissed about 5 percent of its equities trading desk today, according to two people with knowledge of the cuts.

William Gulya, an equity-derivatives sales representative in emerging markets, was among the departing employees, according to the people, who asked for anonymity because personnel matters are private. Data on the current size of the equities trading staff wasn’t immediately available. The New York-based bank ranks first by assets among U.S. lenders.

JPMorgan typically culls its workforce as part of periodic staff reviews, according to one of the people. Jennifer Zuccarelli, a spokeswoman for the bank, said she couldn’t comment. Dealbreaker reported the job cuts earlier today, saying they were closer to 10 percent of the trading floor.

The bank’s treasury and securities services division in January dismissed about 100 people, less than 1 percent of the unit’s workforce, as part of the bank’s periodic staff adjustments, a person briefed on the move said at the time.

To contact the reporter on this story: Dawn Kopecki in New York at dkopecki@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.