JP Morgan Chase grows forex despite recent City departures

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LONDON -- JP Morgan Chase is growing its foreign exchange division, despite recent departures from its London operation, David Puth, New York-based global head of FX and commodities at the bank told FX Week.

Seven dealers have left the bank’s London operation since the start of May. But officials told FX Week this can be explained by natural attrition. "Our headcount in foreign exchange has gone up this year," said Puth. "And we continue to be in a very strong growth mode, which has been acc