GCC head at JPMorgan resigns

FX market participants are shocked by the news that David Puth, head of Global Currencies and Commodities at JPMorgan has suddenly resigned.

Puth saw his star rise steadily at JPMorgan, where he was considered a long-term survivor. He originally joined Chemical Bank in New York from Citi, where he traded spot cable, in 1988. Since then, he emerged unscathed from Chemical’s merger with Manufacturer Hanover Trust, that entity’s absorption by Chase Manhattan, the take over of JPMorgan and then the latest deal with Bank One.