JP Morgan is cutting its German equity capital markets team just 15 months after recruiting Rudolf Vossen and 10 of his team from Dresdner Kleinwort Benson to run Neuer Markt initial public offerings.
A JP Morgan spokesman declined to give exact numbers or names of the people who will leave the firm. He said: "Well under 10 people are affected with some relocated to London, others offered jobs in Frankfurt or London and a handful leaving the firm."
