JPMorgan's 31 new trading, quant and sales managing directors: revealed
JPMorgan has inducted its latest group of executive directors and VPs into the big time. In its markets division, 31 people have been promoted to managing director (MD), one more than it promoted in 2024. Of those markets MDs, more than half are located outside of New York: eight are based in Europe, five in APAC, and three based across other US offices.
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Four MDs are explicitly working in quantitative research and trading, but others have quant backgrounds. Some, like Tokyo-based head of fixed income linear trading Yasuhiro Nishikawa, have financial engineering master's degrees. Nishikawa's is from the Tokyo Institute of Technology, while others graduated from the likes of Bocconi in Italy. One new MD, Shalabh Agrawal, is the co-head of global exotics trading and works with one of the bank's quantitative investment strategies (QIS) teams. Bloomberg reported this month that the total QIS unit has amassed a trading book of $100b.
Some of the new MDs aren't traders, quants or salespeople. Manish Jain in Jersey City is a development lead that previously worked on big data architecture for Citi. John Schlegel is head of the 'positioning intelligence' team, which the bank says creates "written reports and data feeds focused on cross-asset positioning, flows, crowdedness and performance."
There aren't any unusually young new MDs in the markets team. The youngest appears to be Moulay Jaidi, an energy derivatives trader who graduated in 2012, making him approximately 36.
You can see the full list of markets MDs and their locations below. Job titles and duties have been included where publicly available:
JPMorgan markets MDs: 2025
Shalabh Agrawal - London - Co-head of global exotics trading
Mark Amlin - New York - Head of physical metals
Taoufik Bounhar - London - Global head of alternative credit trading & illiquids market making
Aaron Casden - New York - Commercial real estate finance
Patrick Chu - Hong Kong - Head of APAC equity client solutions coverage
Amélie Darrort - Paris - Global head of medium term notes and sovereigns, supranationals and agencies, DCM
Alex Daum - New York - Head of US high touch trading
Cyprien Decoux - Paris - Structured rates trading
Irina Dushkevich - New York - Equity derivatives trading
Ker Lih Gan - Hong Kong - Futures trading
Sarah Gang - New York - Global head of underwriting, credit financing
Felix Grimau - New York
Siddharth Gupta - Singapore - APAC distressed trading and special situations illiquid credit
Andrew Hart-Fox - London - Co-head of GBP rates trading
Moulay Jaidi - New York - Energy derivatives trading
Manish Jain - Jersey City - Development lead, data architecture
Jason Kendall - Hong Kong - Futures trading
Alexander Kuebler - London - Equity derivatives trading
Elisa Lass - Chicago - Housing investments group
Matt Leger - Paris - Global head of commodities quantitative research
Emma Ma - New York - Rates quant trading
Annie Marinaro - New York - Head of public finance DCM
Christopher McCann - Philadelphia
Yasuhiro Nishikawa - Tokyo - Head of fixed income linear trading
Ruchira Patel - New York
Will Peak - New York - Global head of quant research, equity & platform sales
Matt Pennella - New York - Head of private credit syndication
John Schlegel - New York - Head of positioning intelligence
Michael Sisto - New York - Securities lending trading
Rob Tanna-Smith - London - Northern Europe co-head of asset-backed securities origination and structuring
Shilong Yang - New York - Global head of quantitative research, cash equities
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