JP Morgan names Standing’s replacement

Tom Hoppe, global chief operating officer (COO) of JP Morgan Chase’s credit and interest rate markets business, will replace Rob Standing as head of the division. Standing is leaving the bank to run the London Diversified Fund, a hedge fund.

Hoppe joined JP Morgan Chase in 1981. Before his appointment as COO of credit and rates, Hoppe was head of the bank’s Asia-Pacific trading division, based in Singapore. In his new role, he also joins the bank’s 10-person European executive committee, reporting to Walter Gubert, chairman of the global investment bank.

Standing spent 21 years at JP Morgan Chase. He started the London Diversified Fund, which focuses on the fixed-income markets, in 1995 at the-then Chase Manhattan. The fund became independent at the end of 2002 and now has more than $1 billion worth of assets under management.

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