Strutt and Garrett to leave Chase JP Morgan

In the latest in a series of reorganizations at new behemoth Chase JP Morgan, ex-Flemings bosses announce their departures.

Should we be surprised Perhaps not. Late last week word leaked out that two of Robert Flemings most senior figures were set to leave Chase JP Morgan at the end of the year.

Former Robert Fleming chief executive, William Garrett and former Jardine Fleming boss, Henry Strutt, announced that with the successful integration of JF, Flemings and Chase, they would step down from the firm in early 2001.

From the Asian perspective, Strutt is the more significant figure. A long time resident of the region, he took over Jardine Fleming in 1995. It was a difficult period that saw profits fall in each consecutive year but in many respects this proved an...

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