J.P. Morgan replaces prime brokerage chief: report
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J.P. Morgan replaces prime brokerage chief: report

www.reuters.com   | 27.05.2012.

CHICAGO (Reuters) - JPMorgan Chase & Co is replacing Lou Lebedin after keeping him for just two months as the New York bank's sole global prime brokerage chief, Bloomberg News reported, citing unnamed people familiar with the change.
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Lebedian, a 54-year old former Bear Stearns executive, had been co-head of JPMorgan's global prime brokerage since 2008, and had run the business solo since March when his London-based co-head was moved to a different role.

Lebedin is being replaced by Teresa Heitsenrether, the co-head of JPMorgan's fixed income brokerage since 2008. Heitsenrether, 47, is based in London.

JPMorgan is the biggest U.S. bank by assets.

(Reporting by Ann Saphir)



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