JP Morgan has hired Michael O'Hare, former managing director of Lehman Brothers' US listed trading, to head its US equities cash sales and trading business.

O'Hare was at Lehman for 15 years before joining JP Morgan. A spokesman for the bank confirmed a report from Reuters that O'Hare will report to Jim Brett, JP Morgan's head of cash equities for the Americas.

Matthew Smith in New York

JP Morgan

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JP Morgan takes O'Hare from Lehman

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