The beta-blocker

Risk staff
01 Nov 2002

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Eyebrows were raised when Doug Dachille – a finance prodigy with a fearsome trading reputation on Wall Street – became chief operating officer of Zurich Capital Markets (ZCM) in April. Why, many asked, would JP Morgan Chase’s ex-global head of proprietary trading, who quit the firm once he realised Chase’s credit risk business model was prevailing over that of legacy JP Morgan’s, join an institution whose parent, Zurich Financial, faced major losses? Dachille’s answer: to build the world’s

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