JP Morgan and StanChart in senior forex shakeup

JP Morgan last week unearthed a reorganisation of its FX business, which sees senior management roles relocated to London from New York. This has seen the departure of Rob Lichten, global head of FX in New York. Lichten will remain with the bank while on a sabbatical, before leaving at the end of Q1 2008.

In an internal memo released last week (June 11), the bank said its emerging markets FX business would now operate within the global emerging markets business, under London-based global head

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