Blythe Masters, who heads JPMorgan's commodity business, has joined a committee advising the U.S. derivatives regulator, the agency said on Thursday, a move that comes as Masters' bank is shedding part of its physical commodity operations. The Commodity Futures Trading Commission (CFTC) on Thursday voted on the new composition of its Global Markets Advisory Committee, a group of market participants that meets regularly to discuss a broad range of issues. Over the past five years, Masters built the biggest physical commodity trading operation on Wall Street at JPMorgan, surpassing in size long-time giants Goldman Sachs and Morgan Stanley. But the bank decided to sell its multi-billion dollar physical commodities division last year under rising political pressure over banks' role in the market, raising questions as to the future of Masters at the bank. JPMorgan was not immediately available for comment. The advisory committee consists of a large group of senior officials at
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