JPMorgan’s Gulya Said to Leave as Equities Staff Shrinks
This article is for subscribers only.
JPMorgan Chase & Co., the largest and most profitable U.S. bank, dismissed about 5 percent of its equities trading desk today, according to two people with knowledge of the cuts.
William Gulya, an equity-derivatives sales representative in emerging markets, was among the departing employees, according to the people, who asked for anonymity because personnel matters are private. Data on the current size of the equities trading staff wasn’t immediately available. The New York-based bank ranks first by assets among U.S. lenders.