JP Morgan Bolsters Quant Research with Senior AI Hire

JP Morgan has strengthened its quantitative trading and research capabilities by hiring Xi Chen as a managing director. Chen, who joins from New York University's Stern School of Business, will focus on AI and machine learning in his new role. He was previously a principal research scientist at Amazon Advertising and has authored over 120 publications and three books.

Clinching the hire is Chi Nzelu, head of quant trading and research, who said Chen's unique combination of academic depth and real-world experience will be invaluable as machine learning transforms how trading strategies are developed and executed.