1 JPMorgan still employs "whale" trader - IBTimes UK

JPMorgan still employs "whale" trader

May 16, 2012 7:42 PM GMT

Bruno Iksil, the London-based JPMorgan Chase & Co trader known as the "whale" believed to have been involved in the company's $2 billion (1.25 billion pounds) loss in derivatives, is still employed by JPMorgan, a spokeswoman for the bank said on Wednesday.

Kristin Lemkau responded to a report on the New York Times website saying that Iksil is leaving the company. "He is still employed," Lemkau said.

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Iksil has worked in the company's Chief Investment Office. Ina Drew, who was head of the office, retired this week.

(Reporting by David Henry in New York; Editing by Gerald E. McCormick)

Copyright 2012 Thomson Reuters UK. All rights reserved.

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