Bertuccio leaves JP Morgan for Glencore Xstrata

Veteran appointed as head of origination and principal investments

JP Morgan
JP Morgan, New York

Michael Bertuccio, the former Houston-based head of structured oil origination at JP Morgan, has left to join Switzerland-based commodity trading house Glencore Xstrata. Bertuccio has been appointed as head of origination and principal investments at Glencore. In his new role, he will report to Alex Beard, head of Glencore’s global oil division, and Giles Jones, who oversees US oil trading. “We’re looking at investment opportunities in oil across the world all the time, and