Risk Management

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JP Morgan Adds Risk Staff, As Potential Losses Spiral

The new hires are in the chief investment office, the unit responsible for JP Morgan’s recent well-publicized trading losses.

J.P. Morgan has reportedly added at least five new employees in the risk department of its chief investment office over the last month.

The chief investment office is the unit responsible for JP Morgan’s recent well-publicized trading losses that may have climbed to $9 billion, according to recent reports.

The bank’s move to hire more risk staff comes as it rebuilds the chief investment office, the Wall Street Journal reported .

In May, the CIO's chief risk officer, Irvin Goldman, was replaced by Chetan Bhargiri, a former managing director of market risk at the investment bank. Goldman remains as an adviser to the bank.

From the Wall Street Journal:

Since his appointment, Bhargiri has begun to assemble a new team. The latest additions are transfers from units elsewhere in the bank. J.P. Morgan wouldn't make either Bhargiri or his new staff available to comment. The latest appointments include:

Ameeta Gosain, managing director, reporting to Bhargiri and based in New York. Reporting to Gosain is Lloyd Senior, a vice president based in New York.

Meg Teep, executive director, reporting to Bhargiri. Jonathan Aaron, vice president, reporting to Peter Weiland, a managing director who reports to Bhargiri. According to Aaron's LinkedIn profile, he has worked at J.P. Morgan since 2005 and attended the State University of New York at Albany. His current title says he works in tax-exempt derivatives sales. He is based in New York.

Also reporting to Weiland is Rodrigo Lamas, an executive director. According to Lamas' LinkedIn profile, he has worked at J.P. Morgan since 2006 and was head of market risk, global energy from that time until June 2011. He has a Ph.D in computational finance from Imperial College London. He is based in London.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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