JPMorgan Cazenove’s head of European cash equities business, Alan Carruthers, is stepping down from his role, Financial Times reports. He was among Cazenove’s leading team of bankers that took on the top jobs when JPMorgan took full ownership of the U.K. broker in late 2009.
The equities banker, who joined Cazenove in 2003, was previously working with Morgan Stanley. Carruthers has been replaced by David Long, who has been serving at JPMorgan for about 20 years.
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