At JPMorgan Chase & Co. a fresh promotion is signaling the growing importance of artificial intelligence within the world’s biggest investment bank by revenue.
The firm assigned former credit trader Samik Chandarana, known for taking credit-default indexes electronic in 2009, to a new role overseeing analytics and data science at its investment bank. That includes coordinating efforts to apply machine learning and other data-reliant techniques across businesses.
Chandarana will “identify and build specialized capabilities that require long-term investments,” Sanoke Viswanathan, the division’s chief administrative officer, wrote in a memo to staff. The new job will include working with quantitative research, ...
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