Another Woman Loses a Top Spot on Wall Street

Photograph by Anders Hviid/GalleryStock

Add Ina Drew to the list of prominent Wall Street women who have left their jobs. JPMorgan Chase said today that Ina Drew, head of the bank’s chief investment office, is retiring, following the disclosure of a $2 billion trading loss. The bank’s chief executive, Jamie Dimon, had urged her unit, which invests the bank’s cash, to make riskier bets to boost profits, Bloomberg News reported, citing five former executives. Drew had a 30-year career at the bank and rose to be one of two women who were part of the bank’s powerful operating committee.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.