(MoneyWatch) Irvin Goldman, the former chief risk officer of the JPMorgan Chase (JPM) unit that lost $5.8 billion on derivatives trades, has stepped down, the company said in a statement, according to Reuters.
"Irv asked to leave the company. He's behaved with integrity and we wish him well," the bank said in a statement.
Goldman, who JPMorgan named in February as chief risk officer of its London-based Chief Investment Office, was put on leave as part of an internal onverhaul of the division on May 14, after the company announced the trading loss.
Goldman's brother-in-law, Barry Zubrow, is head of JPMorgan's office of corporate and regulatory affairs, and until early this year he was chief risk officer for the entire company.