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The President of JPMorgan Chase, who participated in Global Markets, leaves the American bank after more than two decades to join Rokos Capital Management, the latest split from Wall Street for a high -level role in the hedge fund or a trading company.
Jason Sibel, who jointly led JPMorgan, will join the sprawling trading, to the total hedge fund, based in the United Kingdom, as the deputy director of his investment and the head of the global markets, who reports its founder Chris Rocos. The hedge fund said that it will join the partnership council, subject to organizational approval.
Hedge funds such as Millennium Management and trading companies such as Citadel Securities have succeeded in attracting the highest talents of Bulge Brackket Banks in recent years.
One of the top Lieutenant for David Suleiman Jim Esposito Goldman Sachs left last year for his role in Millensire Ken Griffin's Citadel Securities, while Goldman's treasurer went to the millennium at Izzy Englander.
Chris Rokos built one of the most famous hedge boxes in the world Rokos CapitalWhere is the main trader of the company as well as working as the chief investment employee.
Before the start of RCM, he co -founded the Brevan Howard hedgehop alongside Alan Howard and other partners.
Sippel worked in JPMorgan for 23 years in Tokyo, Hong Kong, New York and London, and was a key to building the bank’s presence in the stock and main mediation trade.
He was only promoted to the role of the co -chair in the bank's fixed income trade and shares 12 months ago, along with Branaf Thakur, as part of the administration's amendment. Thakur will become a single president to work after Sippel's departure.
His departure comes after JPMorgan achieved record revenues of about $ 30 billion in trading last year.
In an internal observation, it announced the exit of Sippel, which was attributed by the heads of the JPMorgan and Investment Bank, Petno and Troy Rohrbau, to “Spearhead (ing) many of our major initiatives and technology investments.”
Rokos Capital runs $ 19 billion and uses approximately 340 people worldwide, specializing in trading a variety of assets on the basis of major economic indicators.
The people familiar with this said, its fund has risen by about 31 percent to December 27 last year. Richard Tang, head of the company's global markets, leaves the partnership, but will continue to work as a great advisor.
“I cannot think of a more experienced, impressive and inspiring leader to join us and look forward to his contribution to the company,” said Chris Rokos.
Sippel's transfer news to Rokos was first reported by Bloomberg.
