JPMorgan still employs "whale" trader

Wed May 16, 2012 7:30pm BST

The JP Morgan Chase & Co. headquarters is pictured in New York May 14, 2012. REUTERS/Eduardo Munoz

The JP Morgan Chase & Co. headquarters is pictured in New York May 14, 2012.

Credit: Reuters/Eduardo Munoz

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(Reuters) - Bruno Iksil, the London-based JPMorgan Chase & Co trader known as the "whale" believed to have been involved in the company's $2 billion (1.25 billion pounds) loss in derivatives, is still employed by JPMorgan, a spokeswoman for the bank said on Wednesday.

Kristin Lemkau responded to a report on the New York Times website saying that Iksil is leaving the company. "He is still employed," Lemkau said.

Iksil has worked in the company's Chief Investment Office. Ina Drew, who was head of the office, retired this week.

(Reporting by David Henry in New York; Editing by Gerald E. McCormick)

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