JP Morgan's veteran global head of credit trading, Guy America, has resigned from the US bank after 28 years there.
America's official title was global head of credit markets and public finance. The bank announced his departure on Thursday in a memo to staff, a copy of which was seen by IFR. A spokesman confirmed the contents of the memo.
The memo said America has decided "to take some time out before pursuing external opportunities". It was sent by Troy Rohrbaugh, head of global markets, and Daniel Pinto, president and chief operating officer, and said America will be "sincerely missed".
America began his career in London in 1994 as a bond options trader in JP Morgan's graduate programme. He then worked on emerging markets and credit desks, and held senior positions including head of credit trading, head of credit markets and syndicate, and co-head of spread markets.
"Guy was a pioneer for our franchise and oversaw the introduction of early credit products. Recently, he adapted the business to incorporate the opportunities of algorithmic trading and private credit. A world-class risk manager, Guy grew the business to its market-leading position and helped navigate the firm and our clients through many difficult markets such as the financial crisis and the pandemic," the memo said.
America was also head of JP Morgan's Brexit steering committee.