JP Morgan hit by sales departures

In New York, the bank has seen the departure of Michael Mariano, head of large cap corporates and Gina Sullivan in corporate FX sales.

Meanwhile, in Chicago, the bank has also lost Peter Turk who worked in middle market FX sales. Both Mariano and Turk are joining US rival Merrill Lynch, although their respective roles there are unknown. Mariano and Turk are also understood to be taking a number of junior staff from JP Morgan with them to Merrill.

In London, Serge van Loenhout has left his rol