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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (1657)	3/10/2004 12:30:01 PM
From: mishedlo	Read Replies (1) of 116555

RPT-UPDATE - JP Morgan's credit derivatives chief steps down Tuesday March 9, 10:50 am ET LONDON, March 9 (Reuters) - Tim Frost has left JP Morgan (NYSE:JPM - News), where he was head of credit trading for Europe, a spokeswoman for the bank said on Tuesday. Frost was with the U.S. investment bank for 16 years and was key to the development of JP Morgan's credit default swap business, where the bank has built a leading market position globally. Sources close to the situation said they believed one of the reasons for Frost's departure was to pursue his political interests ahead of the next UK election. He stood as Conservative candidate for Mansfield in northern England in the 1997 election. JP Morgan, which declined to comment, has not yet decided on a replacement. ======================================================== I see I was mistaken it was JPM credit derivatives trader that stepped down, not FNM. Unless I missed something and both did. M

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