According to Bloomberg, which cites a company-wide memo sent to employees, JPMorgan (JPM)’s Chief Equity Strategist Thomas Lee announced that he is leaving the firm.
Lee, a Wall Street strategists who worked for JPMorgan for 15 years, is stepping down tomorrow, Brian Marchiony, a spokesman for the New York-based firm, told Bloomberg in a telephone interview.
“He’s just one of the best strategists in the game,” Philip Orlando, who helps oversee nearly $400 billion as chief equity-market strategist at Federated Investors Inc., said in a Bberg phone interview. “I’m surprised and disappointed that a young guy at the top of his game would be resigning.”
JPM’S shares were down fractionally at $57.10 in pre-market hours on Friday.