facebook
twitter
rss
account
search
search
 

Zubrow confirms exit from JPMorgan Chase

Oct. 6, 2012 at 11:52 AM   |   Comments

NEW YORK, Oct. 6 (UPI) -- JPMorgan Chase head of regulatory affairs Barry Zubrow confirmed that he will retire by the end of the year.

Zubrow is the latest to fall in a high-level shake up at the bank that lost an estimated $5.8 billion in trading blunders, which the bank made public in May.

Zubrow is a top adviser to Chief Executive Officer James Dimon. He confirmed his departure in a memo to employees, The Wall Street Journal reported Saturday.

The bank's head of risk management since 2007, Zubrow is part of a 15-member council that makes the bank's major decisions and will be the fourth out of that inner circle to leave the bank in the wake of the huge losses.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
4
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
5
USAF Special Operations Command orders wideband tactical radios
Trending News
Video
x
Feedback