Discord at Key JPMorgan Unit Is Faulted in Loss - New York Times
19 May 2012, 2:38 pm
Most significant, her deputy in New York was increasingly at loggerheads with her deputy in London who spearheaded the strategy behind the losing bet, Achilles macris, the current and former traders said. But there was only so much she could do ...

JPMorgan’s Zames Shakes Up Investment Office After Loss - Businessweek
15 May 2012, 7:48 am
Zames named new finance and risk chiefs and wrote in a staff memo yesterday that top London-based trading executive Achilles macris would hand off duties. JPMorgan named Zames head of the office to succeed Ina Drew, whose retirement yesterday ...

JPMorgan loss shows risks in safe-haven banks - Reuters
15 May 2012, 6:51 am
JPMorgan's CIO head Ina Drew retired on Monday in the wake of the losses and sources have said Achilles macris, who ran the business in Europe, was also on his way out. The departures come after years of success. The unit generated $6.8 billion ...

Red Flags Said to Go Unheeded by Bosses at JPMorgan - New York Times
14 May 2012, 9:39 pm
Within the investment office, led by Ina Drew, who resigned on Monday, the bets were directed by the head of the Europe trading desk in London, Achilles macris. Mr. macris, who is also expected to resign, failed to heed concerns as early as 2009 ...

Achilles macris in the spotlight at JPMorgan Chase - Fierce Finance
14 May 2012, 6:55 pm
The $2 billion CDS trading debacle at JPMorgan Chase has already claimed one victim, Ina Drew, chief investment officer, whose office oversaw the disastrous "hedge." But others might resign as well. The speculation currently focuses on Achilles ...

JPMorgan CIO Drew retires after giant trading loss - msnbc.com
14 May 2012, 4:24 pm
The bank's statement made no mention of two subordinates of Drew, 55, who were involved with the trades - London-based Achilles macris, 50, and Javier Martin-Artajo - whom sources had said would leave. A memo Zames sent to staff, a copy of which ...

After $2 Billion Loss, JPMorgan Reshuffles Trading Group - New York Times
14 May 2012, 3:20 pm
Achilles macris, the executive who led the London-based group that made the ill-fated trade, will step down as chief investment officer of the European arm, according to the memo. Rob O’Rahilly will lead the firm’s chief investment office in ...

JPMorgan Shakes Up CIO Unit Leaders as macris Hands Off Duties - Bloomberg
14 May 2012, 2:37 pm
JPMorgan Chase & Co.’s (JPM) Matt Zames, newly appointed to lead the firm’s chief investment office after it suffered a $2 billion loss, shook up the unit’s leadership and announced a “renewed focus” on hedging risks. Achilles macris ...

JPMorgan's larger than life Achilles brought to heel - YAHOO!
14 May 2012, 10:26 am
LONDON (Reuters) - Like the heel of his namesake in Greek myth, the team at JPMorgan headed by Achilles macris may have proved the weak spot of a bank previously deemed unassailable when it came to managing risk. Those who have worked with macris ...

JPMorgan chief “retires” after $2 billion loss - montrealgazette.com
14 May 2012, 9:51 am
The Wall Street Journal said two other high-ranking executives were set to leave this week: Achilles macris, who heads the London-based desk that placed the trades, and trader Javier Martin-Artajo, a managing director on macris’s team.