Zames, rising star at JPMorgan, has seen worst of finance

Matt Zames, who on Sunday became sole chief operating officer at JPMorgan Chase, is no stranger to market calamity.

The 42-year-old traded at Long-Term Capital Management in the late 1990s as it was melting down. He helped stabilise Bear Stearns after JPMorgan took it over during the financial crisis. And when JPMorgan’s chief investment office was haemorrhaging money last year from bad credit investments, Zames was told to fix the situation.

via Business feed http://www.scmp.com/business/banking-finance/article/1226560/zames-rising-star-jpmorgan-has-seen-worst-finance