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Ina Drew information


Ina Drew
NationalityAmerican
Alma materJohns Hopkins University
Columbia University
Occupation(s)Chief Investment Officer, JPMorgan Chase (former)
SpouseHoward Drew (periodontist)
Children2

Ina R. Drew is a former high-ranking executive on Wall Street. She was the chief investment officer for JPMorgan Chase before resigning after the company suffered a trading loss of $9 billion in April/May 2012.[1][2] A report produced by the United States Senate Permanent Subcommittee on Investigations revealed that she did not understand the trading strategy, and could not explain it to the subcommittee. Furthermore, she lied to the subcommittee by stating she had not seen or received the "decision table" which outlined the various trading options for her in January 2012.[3][4]

Drew grew up in Springfield Township, New Jersey.[5]

  1. ^ "JPMorgan Chase Announces Management Changes; Ina Drew to Retire; Matt Zames Named New CIO" (Press release). JPMorgan Chase. May 14, 2012. Retrieved May 17, 2012.
  2. ^ Dominus, Susan (October 7, 2012). "The Woman Who Took the Fall for JPMorgan Chase". The New York Times Magazine. The New York Times Company. Archived from the original on January 30, 2013. Retrieved October 3, 2012.
  3. ^ "DocumentCloud". www.documentcloud.org. Retrieved May 11, 2013.
  4. ^ Moscovitz, Ilan (May 7, 2013). "48 Damning Pieces of Evidence From the JPMorgan Whale Trade Investigation". The Motley Fool. Retrieved May 11, 2013.
  5. ^ Beeson, Ed. "N.J. native Ina Drew took the fall for JPMorgan mess by retiring", The Star-Ledger, May 20, 2012. Accessed October 27, 2017. "Drew, who is 55 and grew up in Springfield, has proven herself over the decades to be a tenacious and loyal worker, having served essentially with one bank as it underwent merger after merger."

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