JPMorgan replaces head of unit faulted for $2-billion 2-billion loss
Head of Unit, Mercy Health Breast milk bank.
Head of Security, Estates and security Directorate, Foreign and Commonwealth Office.
His comments were echoed by James Lyne, global head of security research at security software developer Sophos.
"If the country manager asks the head of the securities unit, 'How's business?', he can't say because he is in a different legal entity .The new rules simplify things.
Jacob Wallenberg, 40, is executive vice president of the family bank and head of its securities unit, while Marcus Wallenberg, 39, nicknamed Husky, earned his spurs at the family's huge forest-products concern, Stora, and is now executive vice president of Investor.
In recent years, Richard R. Lindsey, former director of market regulation at the S.E.C., joined Bear ,Stearns as head of its securities clearing unit when that unit was under investigation.
"It's a more complex threat to detect and stop" than simple viruses and worms, said Vincent Weafer, the head of Symantec Security Response, a unit of the Symantec Corporation.
"He takes that job extremely seriously," said Cindy Williams, an arms expert at the Massachusetts Institute of Technology and former head of the national security unit of the Congressional Budget Office.
Rakoff, a Harvard Law graduate, served as the head of the securities frauds unit of the United States Attorney for the Southern District in New York from 1978 to 1980.
The president's nephews sons of his late brother include Amar, the deputy director for national security; Yahye, head of the central security forces and the counterterrorism unit; and Tarek, head of the Presidential Guard.
