According to Global Custodian, an Asset International publication, a spokesperson at J.P.Morgan said Shah will be “seeking other opportunities” within the bank, and Rudenstine will start immediately. J.P.Morgan declined to explain why the change had been made.
Most recently, Rudenstine served as Global Securities
Lending Product Head within Financing and Markets Products (FMP). Other major
roles have included Chief Operating Officer for FMP and Strategy Executive,
according to the news report.