Investment Banking

JPMorgan trading co-head Sippel leaves for Rokos Capital Management

Pranav Thakur becomes sole head of JPMorgan’s sprawling markets business

JPMorgan’s trading arm enjoyed a record $30bn in revenue last year
JPMorgan’s trading arm enjoyed a record $30bn in revenue last year Photo: Bloomberg via Getty Images

JPMorgan’s co-head of global markets Jason Sippel is leaving the bank after 23 years to join hedge fund Rokos Capital Management.

Sippel will become the London-based firm’s deputy chief investment officer and global head of markets, reporting directly to founder Chris Rokos.

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Big Banks Are Spinning Market Chaos Into Gold