David Clarkson, Europe, Middle East and Africa (EMEA) head of prime brokerage at J.P. Morgan has left the bank to pursue new opportunities, according to sources familiar with the matter, amid a wider reorganisation in the bank’s prime services division.
His departure comes two months after J.P. Morgan appointed Jason Sippel as its new global head of Prime Services. Sippel will move to London in September, according to one source.
Jonathan Cossey will replace Clarkson, in addition to his current role as head of Equity Finance.
Clarkson joined J.P. Morgan in 2012 from Credit Suisse.
The bank has also witnessed a reshuffling in its North American ranks. Declan Breslin, J.P. Morgan’s U.S. head of client service, is now part of its Custody and Fund Services unit, according to one source.
Taking over his role is Paul Brannan, the newly appointed head of North America Prime Brokerage, in which he will also manage the client service agenda, including oversight of Agency Clearing and Collateral Management Client Service.
The appointments come amongst a wider reshuffle in the prime brokerage industry. Most recently, Deutsche Bank’s former head of EMEA Prime Finance, Daniel Caplan, and head of International Prime Brokerage, Simon Kempton, joined Citi.