Another member of J.P. Morgan’s data science team has quit

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As we noted last week, people keep on leaving J.P. Morgan’s data science and machine learning division. The latest exit is an up-and-coming junior who demonstrates how quickly you can progress in data science careers now.

Gleb Drobkov, a manager in J.P. Morgan’s Intelligent Solutions business has left for BCG Gamma, the data analytics unit of Boston Consulting Group, according to his LinkedIn profile.

Drobkov, who studied an MBA at Cornell University with a focus on managerial finance, only joined JPM in September 2016. He was responsible for finding ‘data driven solutions’ to the bank’s problems. Before JPM, he spent over three years working in data and digital strategy at Cap Gemini.

Writing in the introduction to J.P. Morgan’s 2017 annual report, Daniel Pinto, head of the corporate and investment bank (CIB) said the bank will be spending $10.8bn on technology this year, up from $9.5bn last year. However, Pinto said the bank's digital transformation team is comparatively small, at just 2,500 people.

Drobkov was a "delivery manager" at J.P. Morgan. At Cap Gemini he was a "managing data scientist." He joins BCG Gamma as a senior data scientist. - Not bad for someone who left college in 2013.

As we reported last week, J.P. Morgan’s intelligent solutions business appears to be going through a period of change. Insiders say the team, which was led by Len Laufer, the multimillionaire founder and CEO of Argus Advisory and Information Services, is being dispersed across business units and that Laufer is leaving along with various other key J.P.M. machine learning and data science professionals.

In place of J.P.M Intelligent Solutions, Samik Chandarana, the former credit trader and J.P. Morgan veteran, was made head of data science and analytics in the corporate and investment bank in October 2017. The bank also hired-in Manuela Vesolo, head of the machine learning department at Carnegie Mellon University as head of artificial intelligence research in May. Both Vesolo and Chandarana report into Sanoke Viswanathan, chief administrative officer of J.P. Morgan's corporate and investment bank.

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