Element Re Capital Products's head of weather derivatives research has left the firm and returned to his old stomping ground J.P. Morgan. Bob Henderson joined Morgan two weeks ago as a v.p. focusing on market risk in equity derivatives, says a spokesman for the bank. Element is currently working on filling the vacated slot, says Lynda Clemmons, president. Henderson, who worked on the research side at Morgan before joining Element, was a well-regarded weather player, according to rivals. They added he was an important cog in the success of the Stamford, Conn.-based shop that launched in March 2000.
April 07, 2002