New global oil heads at JP Morgan

JP Morgan has hired Jeff Frase as head of global oil trading and Roy Salame as head of global oil marketing. Both will be appointed members of the Global Commodities Management Committee and will be based in New York.

Prior to joining JP Morgan, both Frase and Salame worked for Lehman Brothers and Goldman Sachs. Frase was part of the commodities franchise for 17 years and Salame spent 14 years in commodities marketing at Goldman.

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