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JPMorgan Whale Pushed for ‘Young’ Trader Who Later Took His Job

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Bruno Iksil, the trader whose wagers cost JPMorgan Chase & Co. $6.2 billion and led to his ouster, may have unwittingly helped pick his replacement.

Henry Kim, then trading high-yield indexes for the market-making desk at the firm’s investment bank, is “very young and very talented” and should be considered for a post in the chief investment office, Iksil said in a Jan. 30, 2012, e-mail to supervisor Javier Martin-Artajo, according to documents accompanying a report last week by the U.S. Senate Permanent Subcommittee on Investigations.