JPMorgan says Ray Eyles is new Asia commodities head

SINGAPORE, Sept 1 (BestGrowthStock) – JPMorgan Chase & Co (JPM.N: )
said on Wednesday it has appointed Ray Eyles to head its
commodities business in Asia Pacific, replacing Oral Dawe, who
is retiring.

Eyles, a trading specialist and formerly the head of Global
Commodities Strategic Trading in London, was in-charge of the
desk which has fewer than 20 traders, with one based in the
United States and the rest in the United Kingdom.

A person briefed on the matter told Reuters on Tuesday that
JPMorgan Chase has shut its proprietary trading desk and the
bank redeployed affected staff from the unit, as the investment
bank looks to comply with new U.S. banking laws.
[ID:nN31255240]
(Reporting Jennifer Tan, Florence Tan, Nick Trevethan, Luke
Pachymuthu and Seng Li Peng, Editing by Ramthan Hussain)

JPMorgan says Ray Eyles is new Asia commodities head