JPMorgan's London Whale Risk Manager Gone

Beached Whale

Peter Weiland, the most senior risk officer in JPMorgan Chase's Chief Investment Office before the 'London Whale' scandal broke last April, quietly resigned in October, according to a report released by the bank on Wednesday.

Reuters reports that his resignation has not been previously reported in the press.

Weiland, who was the head of market risk for the CIO until mid-January 2012, was the most senior risk officer in the bank's moneymaking office when the derivatives trades that eventually cost it $6.2bn were being made.

In mid-January 2012, JPMorgan appointed Irvin Goldman chief risk officer of the CIO, placing him in a position above Weiland. Goldman held that position until May.

Hit the link below to access the complete Reuters article:

Risk manager from JPMorgan's CIO is gone from bank

JPMorgan slashes CEO Dimon's bonus on "Whale" trade

JPMorgan plans to buy back less stock in 2013

image: © brydeb

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