Rob Standing quits JPMC with spun-off hedge fund

Standing, who has worked at the bank for over 20 years, will continue to manage the European rates business for up to four months, while gradually shifting to his new responsibilities as chief executive officer of the fund -- which has in excess of $1 billion under management. Standing helped establish the fund, which was set up by JP Morgan Chase in 1995.

JPMC made the fund independent at the end of 2002 to attract more ‘diversified external capital’ to the fund, a source at JP Morgan Chase