Marko Kolanovic will leave his role as JPMorgan’s chief global markets strategist, ending a 19-year stint that culminated in a series of mistimed calls on the US stock market. Kolanovic, also the bank’s co-head of global research, was among the few bearish strategists left on Wall Street, having recently forecast that the S&P 500 would tumble by almost 25 per cent from current levels by year-end.
Dubravko Lakos-Bujas, JPMorgan’s chief global equity strategist, will now lead markets strategy in a new role encompassing equities, cross-asset and macroeconomic research. Steve Dulake and Nick Rosato will co-lead “fundamental research”, a newly branded team that brings credit and equity research under one leadership structure, the bank confirmed.
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