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JPMorgan executive quits over $2bn blunder

Published 15/05/2012

One of the highest-placed women on Wall Street will retire, the first casualty of a $2bn trading blunder at JPMorgan Chase.

The bank said chief investment officer Ina Ms Drew (55) would retire after more than 30 years with the company. She will be replaced by Matt Zames, an executive from JPMorgan's investment bank.

Ms Drew oversaw the division of the bank responsible for the loss.

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