Svante Hedin leaves JP Morgan
Svante Hedin, head of foreign exchange automated trading strategies at JP Morgan, has left the bank after seven years.
Based in London, Hedin reported to Eddie Wen, global head of FX and rates electronic commerce in New York. He joined the bank in 2006 and left at the end of last week. Wen has assumed his responsibilities for an interim period while JP Morgan looks for a replacement.
Hedin's plans are not yet known but it is understood he is taking time out from the industry. Over the past year, he had taken a key role in the bank's activity on new platforms in the FX market, including both FXSpotStream and EBS Direct.
Earlier this year, JP Morgan lost Alex Shterenberg, global head of FX algorithmic products in New York, who has since joined Bank of America Merrill Lynch.
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