Claudia Jury and Pranav Thakur Named Co-Heads of FX at JPMorgan

JPMorgan Chase & Co. has appointed Claudia Jury and Pranav Thakur as Global Co-Heads of Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and Emerging Markets, capping a period of reshuffling following the departure of Mike Cavanagh from the company nearly two months ago, according to a Bloomberg statement.

Indeed, two Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry mainstays will fill the new position, as Jury has previously served an executive role in overseeing global FX trading, while Thakur has been responsible for rates and currencies in the Asian realm.

New Co-Heads Portent 'Aggressive Growth'

According to Claudia Jury and Pranav Thakur in a memo regarding their appointments, “This team will focus on monetizing the opportunities made available by changes in market structure and the competitive landscape while also continuing to aggressively grow our client franchise.”

The appointment comes on the heels of the abrupt departure of Mike Cavanagh from JPMorgan to Carlyle Group LP at the end of March 2014. His void has since created the need to reorganize and calibrate certain positions. JPMorgan remains one of the industry’s most active across Forex volumes, while the team will utilize their diverse experience in a bid to foster new expansion for the company.