JPMorgan Names 2 Replacements for Masters at Commodities
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JPMorgan Chase & Co. named two managing directors, John Anderson and Mike Camacho, to take over from Blythe Masters as co-heads of global commodities after the bank pulls back from physical products.
Anderson has been JPMorgan’s Houston-based head of non-oil energy trading and Camacho has led EMEA commodities in London since 2012, the New York-based company said in a memo to employees today. Masters, who started as an intern almost three decades ago, plans to leave as JPMorgan completes a $3.5 billion sale of the physical commodities business to Mercuria Energy Group Ltd., according to the bank.