JPMorgan has hired Michael Chun and Darol Ryan as v.p.s in equity derivative sales reporting to David Lockyer, head of North American institutional equity derivative sales. Lockyer said Chun will start in May and head the sales team for insurance and pension funds. Ryan will join in June as senior salesperson to hedge fund clients. Both are additions to the desk. Chun joins from Deutsche Bank, where he sold structured products to insurance companies, pension funds and money managers. Ryan joins fromBank of America, where he was a principal in institutional equity derivative sales to hedge funds, reporting to Dean Curnutt, managing director and head of institutional equity derivative sales. Curnutt declined comment on a replacement. Ryan and Chun could not be reached.
