J.P. Morgan Chase & Co. (JPM) promoted Peter Johnson to head of global futures and options, and over-the-counter clearing at its investment banking division, according to a source familiar with the matter.

Johnson was co-head of those businesses, and his promotion follows the departure of co-head Jerome Kemp, who will join Citigroup Inc. (C) later this year as global head of exchange-traded derivatives sales and clearing.

Johnson continues to report to Sandie O'Connor, global head of prime services. He joined J.P. Morgan in 1992 and held various position, including sales desk manager in London and head of the futures and options business in North America.

-By Matthias Rieker, Dow Jones Newswires; 212-416-2471; matthias.rieker@dowjones.com

 
 
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