JP Morgan FX Head Moves To LabMorgan In E-Commerce Drive

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LONDON--JP Morgan is restructuring the leadership of its global FX business as it intensifies efforts in e-commerce with LabMorgan, the firm’s e-finance unit.

Global head of foreign exchange Klaus Said is moving to LabMorgan, where he will assume responsibility for all the unit’s ventures in liquid markets. These include interest rates, currencies and liquid equity markets.

Alan Collins, formerly head of foreign exchange, Europe for JP Morgan, will replace Said as global FX head. Collins has

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