JP Morgan commodity heads reveal plans for the future

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

john-anderson-michael-camacho-jp-morgan
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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: