Trading places - November 2006

REVIEW OF THE YEAR

JP Morgan surprised by Puth's departure

David Puth (left), head of global currencies and commodities at JP Morgan, has quit the US investment bank. Senior executives at JP Morgan said they were "very surprised" by his departure.

Puth was a veteran of the bank and added responsibility for emerging markets to his currencies and commodities remit in January this year. He originally joined Chemical Bank in 1988. Chemical subsequently merged with Chase Manhattan, which in turn bought JP Morgan to

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