Bank One casualties emerge

Stewart Morton, head of FX and interest rate trading, and Andrew Bowen, head of FX sales, will leave the bank when the merger is completed, said sources close to the bank.

JP Morgan’s spokesperson in London declined to comment last week, but a recruitment consultancy source said both were offered jobs in the new organisation but declined to take them up.

Both Morton and Bowen have been at Bank One for many years. They took on greater responsibility in the bank’s forex business following the d