George Taylor (And Others?) Resign From JP Morgan

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George “Beau” Taylor, head of JP Morgan’s energy-trading business has resigned from the bank. The WSJ reports that Taylor will move to Credit Suisse to trade commodities in its proprietary-trading group. Sources tell DealBreaker that a VP and ED will be joining him. Taylor joined JP Morgan in May 2005 and made $725 million off of Amaranth by taking over its positions with Citadel.
No word on the inducements, but as one source told DealBreaker, “Must have been a pretty lucrative offer if Taylor left for another firm, considering his compensation the last two years.”
Taylor’s position will reportedly be filled by energy-sales and trading co-heads Catherine Flax and Ray Eyles.
J.P. Morgan Energy Trader To Join Credit Suisse Group [WSJ]

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