JPMorgan trader in court for allegedly trashing an ambulance as insiders call for cultural clean-up

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A junior J.P. Morgan trader is to appear in court charged with criminal damage after allegedly participating in the trashing of an ambulance after England's World Cup quarter final win last summer.

26-year-old Perry Jian, who lives in London's Poplar district, is appearing alongside 21 year-old Larissa Bell, a waitress, and two other men at a London court later this month. While Bell has been widely vilified for her participation in the act, Jian's involvement has largely gone unnoticed.

Videos of the event (seen here and here) show a young Asian man dancing topless on the ambulance. A video on the Sun website shows the crowd chanting "We want Jackie Chan," and the same man jumping on the top of the vehicle and dancing while the crowd jeers. The paramedics driving the ambulance were attending a patient nearby and were subsequently unable to attend nearby 999 calls because of damage to their vehicle.

J.P. Morgan declined to comment on the case. Jian, who studied economics at Singapore Management University, is an analyst on J.P. Morgan's emerging markets, FX and rates trading desk. J.P. Morgan insiders suggest the bank was already aware of Jian's involvement.

The FCA's fitness and propriety rules require that financial services employees do not have criminal records and operate with integrity and honesty. If Jian is convicted, the incident could therefore have the potential to damage his banking career. However, some insiders at J.P. Morgan suggested the alleged actions are particularly inappropriate in a financial services context - the industry as a whole is trying hard to improve its culture and appeal to more women. They say that yobbish behaviour among young male employees on the trading floor should therefore be called out and acted upon.

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