senior management

As it became known from the Independent on Sunday newspaper, senior management at Cazenove and JPMorgan are to reach an agreement, concerning a price for Cazenove's share of their J. P. Morgan Cazenove joint venture by the end of the year. The joint venture was created in 2005. And in compliance with the terms of the deal there are options for JPMorgan to buy or Cazenove to sell its interest in the joint venture in February 2010.