The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX people moves: JPMorgan in shock FX reorganisation – Rob Lichten

More on David Puth

The market is buzzing with the rumour that Rob Lichten is leaving his position as global head of FX sales and trading at JPMorgan. Sources say that Lichten will leave the bank after taking a sabbatical, which seems a popular exit strategy at the bank. Adam Burke, former head of currencies and commodities, also took a long sabbatical when he left the bank at the end of January.

JPMorgan has declined to comment, but sources say that Lichten decided to move on after a planned reorganisation of the FX business area was unveiled. Apparently, FX will now be divided up between the bank’s emerging market and rates units.

One former JPMorgan trader said of the reorganisation: “That’s a step back for sure. I have been told that global FX was the red-headed stepchild of all the trading groups and the knives have been out for ages.”

However, another said the reorganisation did make sense and brought in some degree of logic to the alignment of the various components of the FX business.

Others say the move raises questions about Blythe Masters’ role. Masters became head of global currencies and commodities at the bank after David Puth suddenly resigned last November.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree