Happy in Exile

Philippe Jabre has turned his back on London -- and finally begun to distance himself from the specter of market abuse.

Philippe Jabre has turned his back on London -- and finally begun to distance himself from the specter of market abuse. The onetime star trader of London-based GLG Partners, who paid a £750,000 ($1,380,000) fine in August 2006 to the U.K.'s Financial Services Authority for failing to recognize that he had crossed the wall in early 2003 when he learned that Sumitomo Mitsui Financial Group had convertible preference shares pending and continued short-selling its common shares, is now prospering in Switzerland.

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