forex market participants were shocked by the news that David Puth, head of global currencies and commodities at JPMorgan, had suddenly resigned from the bank on November 13.
Puth, who had seen his star rise steadily at JPMorgan, was regarded as a long-term survivor at the bank. He originally joined the organization in 1998 when he moved to Chemical Bank in New York from Citi, where he had traded spot cable. After that he emerged unscathed from Chemical’s merger with Manufacturers Hanover Trust, that entity’s absorption by Chase Manhattan, the takeover of JPMorgan and then the merger with Bank One.
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