JP Morgan and Chemoil form alliance
The move is indicative of the investment bank’s commitment to further growth in the energy trading and marketing business, according to a JP Morgan statement.
“We are pleased to be able to bring full service physical oil capabilities to our vast client base and to be able to provide world class derivatives expertise to the clients of Chemoil,” says Blythe Masters, JPMorgan’s global head of commodities.
JPMorgan offers clients a range of capabilities including exotic derivatives, credit intensive
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