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JPMorgan Securities Industry Banker William Cruger Said to Leave

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Aug. 21 (Bloomberg) -- William Cruger, an investment banker focused on securities industry deals for JPMorgan Chase & Co., has left the firm, a person with knowledge of the matter said.

Cruger left in June, the person said, asking not to identified because his plans are not public. The Financial Industry Regulatory Authority Inc.’s website shows he is no longer with the New York-based firm. Cruger was registered as an employee of JPMorgan since 1997, the website shows.

Cruger, who advised Raymond James Financial Inc. on its $930 million purchase of Morgan Keegan & Co. from Regions Financial Corp. last year, is the second senior adviser to exchanges and other securities businesses to leave JPMorgan recently. His colleague Joseph Molluso has left to join electronic trading firm Virtu Financial LLC, the person said.

Justin Perras, a spokesman at JPMorgan, declined to comment on the departures. Cruger, Molluso and officials at closely held Virtu couldn’t immediately be reached.

The departure of Molluso, who had been with JPMorgan since 2006, was reported by the Wall Street Journal this month.

To contact the reporter on this story: Matthew Monks in New York at mmonks1@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net

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