London-based trader 'Voldemort' behind J P Morgan's staggering $2billion bank 'black hole'
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London, May 12 (ANI): A London based trader, nicknamed 'Voldemort' is believed to be responsible for the 2 billion dollar trading loss for investment bank JP Morgan.
Bruno Michel Iksil was identified as the man behind the huge trading loss.
The 'black hole' on the trade loss was revealed during the bank's second quarter. There are also fears that his trades might cost the bank a further 750 million pounds in the coming months.
According to The Daily Mail, it emerged that Iksil works in JP Morgan's Chief Investment Office ( CIO) where his job was reportedly supposed to oversee mitigating risk, and his boss Ina Drew, one of Wall Street's most powerful women, collected a 10 million pound pay packet last year.
French-born Iksil , who is a father of four in his mid Forties, has been living and working in London for the past seven years.
He has been nicknamed 'Lord Voldemort ', along with the names like 'London Whale' and 'White Whale.'
He was nicknamed 'Voldemort' after the Harry Potter villain, because he was seen as a 'scary and powerful' force among the City traders of London. (ANI)
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