J.P. Morgan has appointed Ray Eyles as chief executive officer of its Asia-Pacific commodities business, following the retirement of current CEO Oral Dawe. The appointment comes at a time when J.P. Morgan has started the process of downsizing all of its proprietary trading businesses globally. The downsizing is affecting the commodities business in particular.
Eyles will be responsible for J.P. Morgan’s 75-strong commodities front-office team in the region, which is based in Singapore, with additional offices in Tokyo, Sydney, Hong Kong, Beijing and Shanghai.
Dawe’s departure was anticipated, says a source close to the situation, as he had indicated that he would be pursuing interests outside J.P. Morgan once he delivered on his...
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