JP Morgan’s Emily Portney, global head of agency clearing and collateral management, has left after serving more than 20 years at the US bank.
Portney, who joined JP Morgan immediately after her college graduation in 1993, left the bank on Monday to “pursue a new opportunity”, according to an internal memo.
She had spent her entire career at JP Morgan, rising through the ranks and held a number of senior roles in its prime finance, equities and futures clearing businesses.
In 2012, she was asked to lead the newly created ACCE (Agency Clearing, Collateral Management and Execution) business, which included overseeing all client clearing across securities and derivatives, as well as the firm’s collateral management business.
“Emily and I have been colleagues for years, and I would like to personally thank her for her partnership as well as her many contributions to the firm during her career. She also has served as a mentor and guide to many along the way,” said Jason Sippel, global head of prime services, in the memo.