JP Morgan commodity heads reveal plans for the future

Bank will remain a market leader despite Mercuria sale, say new co-heads

John Anderson (left) and Michael Camacho, JP Morgan

The past 12 months have been a tumultuous time for JP Morgan's commodities business.

On March 19, the bank announced it had agreed to sell its physical commodities business to Switzerland-based trading house Mercuria for $3.5 billion, following months of speculation about the future of the unit. Two weeks later, Blythe Masters, JP Morgan's New York-based global head of commodities, announced her intention to resign.

Like other US banks, JP Morgan has faced fierce regulatory scrutiny of its physi