Blythe Masters Leaves JPMorgan After Notable Career

Blythe Masters, credited with creating the credit default swap while at JPMorgan Chase & Co. (NYSE:JPM), is leaving the bank according to a report in the Wall Street Journal.

"Blythe Masters has informed us of her intention to leave the firm, take some well-deserved time off and consider future opportunities," said a memo reviewed by the Journal, which was signed by J.P. Morgan Chief Executive James Dimon and Daniel Pinto, chief executive of J.P. Morgan's investment bank.

After staring as an intern 27 years ago, Blythe Masters rose to run the investment bank’s commodity trading division.  People around...