Bloomberg the Company & Products

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 Shakes Up CIO Unit Leaders as Macris Hands Off Duties

Don't Miss Out —
Follow us on:
JPMorgan Shakes Up CIO Unit Leaders as Macris Hands Off Duties
Traffic passes the offices of JPMorgan Chase & Co., center, at London Wall in London. Photographer: Simon Dawson/Bloomberg

May 14 (Bloomberg) -- JPMorgan Chase & Co.’s Matt Zames, newly appointed to lead the firm’s chief investment office after it suffered a $2 billion loss, shook up the unit’s leadership and announced a “renewed focus” on hedging risks.

Achilles Macris, who was hired in 2006 to oversee trading in London where the losses occurred, will “transition” his CIO responsibilities, Zames said today in an employee memo obtained by Bloomberg News.

He named Rob O’Rahilly to lead the office in Europe, the Middle East and Africa, as Christopher Chan continues overseeing Asia, according to the memo. Marie Nourie will become the global group’s finance chief, and Chetan Bhargiri will join the unit as chief risk officer, reporting to John Hogan, the memo shows.

Link to Company News:{JPM US <Equity> CN <GO>}

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.