Head gas trader quits JPMorgan

JPMorgan spokesman Brian Marchiony confirmed that Parker Drew, who joined the bank in 2005 after the collapse of his hedge fund Enchanted Rock, had left. Giving no further comment as to why, Marchiony added that no decision has yet been made on a replacement.

Speculation was rife that Drew’s exit may have had something to do with JPMorgan’s role as the clearing firm for energy traders at Amaranth Advisors, the $9.2billion hedge fund that collapsed in September due to heavy losses sustained from

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