Goldman Sachs hires co-head from JP Morgan in New York

Shelton has been given the mandate to expand Goldman’s structured products business in the US and joined the firm last week after a brief gardening leave. JP Morgan continues to be the top issuer of structured products in the US by number of issues per month.

In separate JPMorgan news, its US Private Bank took its first step into open architecture with the launch of its first third-party note. The private bank made a Morgan Stanley-issued structured note available to its clients – a pioneering

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