To: patron_anejo_por_favor who wrote (16987 ) 9/9/2000 5:01:49 PM From: UnBelievable Respond to of 436258 Quits Abruptly To Pursue 'Entrepreneurial Interests' Means Got Fired It seems like they are going to need someone to blameDouglas A. Warner III, the company's chairman, said that Mr. Hancock was one of the architects of the firm's standard-setting derivatives business and played a key role in turning J.P. Morgan's fixed-income division into a model for the future. J.P. Morgan's CFO Quits Abruptly To Pursue 'Entrepreneurial Interests' A WSJ.COM News Roundup NEW YORK -- J.P. Morgan & Co.'s chief financial officer, Peter Hancock, resigned abruptly to pursue "longstanding entrepreneurial interests," the company said Friday evening. J.P. Morgan Climbs 5% on Speculation of Merger Talks With Deutsche Bank (Sept. 7) J.P. Morgan's Earnings Beat Forecasts as PNC Reports Profit Increase of 5% (July 14) J.P. Morgan Names Peter Hancock as Its New Chief Financial Officer (May 26, 1999) J.P. Morgan named Thomas Ketchum, the investment bank's chief administrative officer, to succeed Mr. Hancock. The announcement comes days after speculation swirled that J.P. Morgan, one of the oldest names in American financial circles, was in merger talks with Germany's Deutsche Bank AG. J.P. Morgan said Mr. Hancock, who was promoted to CFO in May 1999 from head of the company's fixed-income business, is exploring alternatives that include several private ventures in which J.P. Morgan "hopes to invest." "I count myself fortunate to have been part of J.P. Morgan through two eventful decades of transformation and growth, and leave with great confidence in the firm's future," Mr. Hancock said in a statement. "I'm also very excited to be exploring opportunities to apply my experience in new ways. For me, the time was right to do it." Mr. Hancock began his Morgan career in 1980 in the firm's corporate finance unit in London. Over the years, his responsibilities have included heading Morgan's global swaps group, global fixed-income business and credit portfolio group. Douglas A. Warner III, the company's chairman, said that Mr. Hancock was one of the architects of the firm's standard-setting derivatives business and played a key role in turning J.P. Morgan's fixed-income division into a model for the future.interactive.wsj.com