How JPMorgan survived the loss of a generation

JPMorgan Chase CEO Jamie Dimon wants a clear, new structure for the bank, without personal fiefdoms and superstars. But what does this mean for one of its most important franchises – the structured credit business that JPMorgan once dominated – now in the hands of a new generation of managers? Alex Chambers reports.

How the structured credit revolution started

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Tony Best faces a daunting task. As European head of investor client management at JPMorgan, he is one of a select band of managers charged with putting the bank back in what it still considers its rightful place – at the very pinnacle of the structured credit business.

The task is made all the more challenging by the ghosts of JPMorgan past – a gilded generation of investment bankers who can take credit not only for making JPMorgan enormously profitable but, also, for the creation of an entire market.

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