The face of JP Morgan’s alleged silver manipulation has reportedly been chosen to lead JPM’s regulatory affairs office in addition to her role as head of commodities. Apparently Mr. Dimon feels the need to ensure Bart, Gary, and the rest of the CFTC toe the line regarding the nearly 5 year old investigation of silver manipulation.
Blythe Masters, Head of Global Commodities at JPMorgan Chase, has been given the additional assignment to lead regulatory affairs for the corporate and investment bank.
While continuing to report to James Staley, Head of JPMorgan’s Investment Bank, Masters will also report to Barry Zubrow in her regulatory role. Zubrow has been head of the bank’s corporate and regulatory affairs office since January.
“Having her in this role will be critical to helping us drive the business’s strategy in light of changing regulations,” Mike Cavanagh and Daniel Pinto wrote in the memo obtained by Bloomberg and confirmed by JPMorgan’s Jennifer Zuccarelli.