JP Morgan and Mercuria reveal post-transaction plans
Icap Energy chief Newman steps down; PetroChina hires products head; BAML makes commodities hires; E.on recruits Barclays power and gas head; Evolution launches US power desk
Details of the future plans of JP Morgan and Mercuria emerged during May, giving a better idea of what the two firms would look like once the planned sale of the bank's physical commodities unit to the Switzerland-based trading house is complete.
For its part, JP Morgan has appointed two veteran traders – John Anderson and Michael Camacho – to co-head its commodities business after the resignation of New York-based global head of commodities Blythe Masters.
Although Masters is expected to stay
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