JPMorgan Chase & Co. named Charles Bristow and Thomas Pluta co-heads of its global rates business, replacing Kanav Bhagat.
Bristow, based in London, started with JPMorgan in 1999 and Pluta, in New York, are two of the firm’s most experienced risk managers, according to a memo to employees seen by Bloomberg and confirmed by a JPMorgan spokesman Monday. Bhagat will take a new position at the firm.
Bristow and Pluta will “leverage their broad experience managing trading businesses,” Troy Rohrbaugh, global head of macro trading, said in the memo.
Bristow was previously co-head of rates in Europe, the Middle East, and Africa with a focus on derivatives, according to his LinkedIn profile. Pluta was global head of short-term interest rate trading with a background in foreign exchange and joined the company in 1995.
Trading in stocks and bonds at JPMorgan helped bolster revenue in the first quarter, the biggest U.S. bank by assets said this month. “Macro events” drove client activity in currencies, emerging markets, rates and equities, the company said at the time.