Graham spreads his wings from JP Morgan

Mark Graham, Jardine Fleming''s former head of Asian trading is leaving the newly merged investment bank to take part in the London to Sydney Centenary of Federation Air Race.

Under a new structure adopted by JP Morgan, the brandname now being used for all former Chase and Jardine Fleming businesses, Graham's position has been split between a number of different people.

Cash trading will be headed up by Mark Bamber, who is relocating to Hong Kong from Jardine Fleming London. Also from Jardine Fleming, Adam Putterill will head up sales trading (execution of large institutional orders), while Renaud Biscarrat from JP Morgan will run equity derivatives trading from the bank's base in Tokyo. Futures trading, on the other hand, will be handled by John Hyde in New York, where JP Morgan maintains a centralized global trading desk.

MarkGrahamMan about town Graham, one of a dwindling number of old school style English brokers, numbers five years at Jardine Fleming and six in Hong Kong, where he was formerly head of Asian equities at Credit Suisse First Boston. His departure forms part of a broader picture at JP Morgan, where a US cultural cleansing is expected to prompt a broad exodus of Fleming's staff after bonuses have been paid out.

Graham's main legacy will have been to to have created one of the most influential sales trading desks in Hong Kong. In addition, he is also credited with building up Fleming's North Asian sales effort and latterly building its derivatives business.

For the next three months, his attention will be fully absorbed by the London to Sydney race, which forms part of Australia's Centenary celebrations. With Cathay Pacific as one of the main sponsors, Graham and AT Kearney vice president James D'Arcy, will be manning a Piper Aerostar 601P across 18 countries and 28 mandatory stops.

The race will mimic the first-ever flight from London to Sydney undertaken by a group of Australians in a converted Vickers Vimy bomber in 1919. Should the team win, it is likely that their plane will be permanently hung at Chep Lap Kok, Hong Kong's international air terminal.  

Further information on the race and flight can be obtained from