Andres Choussy has left his position as head of derivatives clearing for the Americas at JP Morgan.
Profit & Loss understands that he will be succeeded in the role by Paul Davidson, who will be now be responsible for listed futures and options clearing, OTC credit and rates clearing and credit, FX and rates intermediation.
Davidson will be based in New York and report into Nick Rustad, global head of clearing at JP Morgan.
Davidson has been with JP Morgan since 1999, initially spending six years on the floor of the CME in Chicago working on the equity execution desk, before joining the execution team in New York.
Since then, he has held key roles across futures and options, most recently in Hong Kong where he spent three years as head of equity execution services for Asia Pacific, including oversight of our Asia futures and options execution desks.
Meanwhile, although a source says that Choussy has left the bank to pursue other opportunities, his next destination is not known at this point in time.
Prior to his departure, Choussy had been the head of derivatives clearing for the Americas at JP Morgan since 2014, having previously held the titles of global co-head of OTC clearing and global head of FX clearing and intermediation.
Before that, Choussy was an executive director for CDS clearing and intermediation. He joined JP Morgan in 2004 as a finance associate.