JP Morgan’s Bruno Iksil “The London Whale”

The fallout continues from a multibillion-dollar trading loss at JPMorgan Chase.

JPMorgan, the nation’s largest bank, is suing Javier Martin-Artajo, a former executive in its chief investment office, a once little-known unit at the center of the bungled trades. Mr. Martin-Artajo directly supervised Bruno Iksil, the so-called London Whale, according to a lawsuit made public on Wednesday.

Mr. Iksil gained that moniker after reports emerged in April that he had built up an outsize position in an obscure corner of the credit markets. That position proved devastating for the bank, resulting in a $6.2 billion loss.

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Perhaps this could have been avoided or detected earlier had JP Morgan implemented the Veris Benchmarks Professional assessment on this employee. JP Morgan would have had the ability to compare the “Whale’s”  Trust Index Score with Veris’ proprietary data base comprised of 812 incarcerated white collar felons whom have all taken the same assessment. Maybe the Whale’s score might have provided a clue as to what was to come.

Now that this system is available, what responsible manager or employer would not want this information PRIOR to hiring someone? Veris Benchmarks – Know Whom to Trust

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