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. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

People moves: Winters of discontent at JPM?

From the outside it looks like one of the ritual JPM purges is underway after the departure of Bill Winters as head of the investment bank. However, one former employee says it’s more likely that the bank is engaged in one of its regular, five-year reorganizations.

The principal casualty appears to be Tony Best who was close to Winters and had risen to be global head of fixed income sales. Bizarrely FX reported into him, perhaps reflecting what one source called the bank’s belief that FX is a dead market. Best is in discussions with the bank about a future role, often investment bank speak for: “He’s off to count his money.” His role has been split between Daniel Pinto and Matt Ames. Sources suggest that the bank’s sales efforts will be split along product lines.

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.


Unlimited access to and

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


Unlimited access to and, 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


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