Financial Services Industry
Industry: Email Alert RSS FeedPatel quits DresdnerKW to team up with JP Morgan.
Financial News, May, 2002
Byline: Peter Wilson-Smith
Bharat Patel has quit as head of portfolio trading at Dresdner Kleinwort Wasserstein (DrKW) and is believed to be joining JP Morgan. DrKW and JP Morgan refused to comment. However, sources at DrKW confirmed that Patel left in the middle of last week.
JP Morgan has been trying for some time to build up its portfolio trading business. At present, it is a second division player, ranking only 15th in the 2002 Financial News global portfolio trading poll. It hired Rory Tobin from Goldman Sachs, whose responsibilities include portfolio trading.
There is speculation that Patel may take other members of his team with him to JP Morgan. Patel is a leading figure in the business, having helped to build programme trading at...
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