JPMorgan pares credit trading team amid market swings

New York

JPMORGAN Chase & Co cut several emerging market credit traders, including global head Robert Milam, as volatility in the asset class bled into this year, according to people with knowledge of the moves.

Mr Milam, an 18-year veteran of JPMorgan, ran the emerging market corporate and sovereign credit group out of New York since 2011 and previously was co-head of North America credit trading. The 39-year-old managing director left last month after two senior London-based emerging markets credit traders, Elie Pano and Dan Steeds, went in January, the sources said, asking not to be identified discussing personnel.