The global head of JPMorgan’s commodities unit is leaving after nearly 30 years.
Reuters reported that Blythe Masters, who began working as an intern in the bank’s London office, will depart JPMorgan in a few months after assisting with the sale of its physical energy and metals business to Swiss merchant Mercuria. Masters will take “time off to consider future opportunities,” according to an internal memo the bank’s executives sent to employees on Wednesday that the news outlet obtained.
Masters began working at JPMorgan as an intern before entering Cambridge University and then joining its commodities desk in 1991 upon graduation. After that, she moved to the bank’s derivatives desk and then served for several years as chief financial officer before finally joining its commodities desk in 2006 as interim head.
Once a multi-billion dollar business, total commodities trading revenues on Wall Street have fallen by about two-thirds in the last five years.