All good things must come to an end.
Bloomberg News reports that Blythe Masters, who rose from being a JPMorgan Chase intern to global head of a commodities powerhouse over 27 years, plans to exit after she helps the bank complete the $3.5 billion sale of units she oversees.
Masters, 45, 'has informed us of her intention to leave the firm, take some well-deserved time off and consider future opportunities', CEO Jamie Dimon, 58, and investment-banking head Daniel Pinto, 51, said in a memo.
JPMorgan announced the sale of its physical commodities business to Mercuria Energy Group Ltd. last month amid pressure from regulators and lawmakers concerned that banks handling raw materials and energy could manipulate prices or endanger the financial system.
That raised the question of whether Masters would join Mercuria, a decade old Geneva-based trader, or remain at JPMorgan to manage a diminished business. She chose neither.
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