Senior commodities salesman quits JP Morgan

David Samuels exits JP Morgan amid commodities shake-up and sale of physical business to Mercuria

JP Morgan
JP Morgan, New York

David Samuels, a New York-based managing director in JP Morgan’s commodities group, left the bank in the first half of April, according to a source familiar with the situation.

Samuels was head of commodities financial sponsor coverage, a role in which he oversaw sales of commodity derivatives to private equity firms. Samuels joined JP Morgan in 2005 as a natural gas and power originator, after previously working at Morgan Stanley and Houston-based energy trading firm Enron. It is unclear what

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