JPMorgan’s credit head leaves

- Gareth Gore, with additional reporting by Nikki Marmery
- 30 Jan 2006

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January 30—Fawzi Kyriakos-Saad, head of credit at JPMorgan in London, left the bank at the end of January amid a management shake-up following poor trading results.

An official at the bank says Kyriakos-Saad and his colleague John Corrie, head of equities, chose to leave after there were “no seats big enough” following a restructuring along global instead of regional lines. The official says the restructuring had been planned for some time before the bank’s fourth-quarter results revealed a 55%

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