Last year, Jpmorgan Chasein Dan Investor Dimon said that the schedule of his departure was “less than five years.” When asked on Monday, how many years will the General Manager, Dimon said, “The intention is the same as last year. Nothing has changed at all.”
Dimon, who spoke last Monday, he picked up what he sees as a strong leadership of the bank. He said JpMorgan Chasewhich has $ 4.4 trillion of property 31. Marta, built a “very deep bench” and expressed confidence that the bank would succeed no matter who serves her leader, Dimon said.
The General Manager of JPMorgang Chase said it was careful to think of success, but if it remains is not his choice. Dimon, which is 69, is relatively young for the General Manager of Financial Services. Stephen Schwarzman, President and Director Abolishedis 78 while Blackrock’s Larry Fink 72.
“It’s obvious to be on the board. If I’m four or two or three here, it’s a long time. It’s like a lot of world values, okay?” Dimon said.
Dimon’s retirement and who replace it, is a hot topic of the wall street. Earlier this year, during the banking house, Dimon told employees to plan to remain the executive officer “for several years” and would then switch to the position of presiding, Happiness export In March.
“Investors (are) are not entirely ready for the Director General Jamie Dimon to go to the stick,” said Ebrahim Poonavala, a Bank of America Research analyst in research 15. May.
3 potential heirs
Dimon is one of the most successful Wall Street countries. From the takeover of the Executive Director JPMORGAN Chase 2006 year, the bank’s share price increased by more than 500%. On Monday, inventory closed $ 264.88, from 5% of their 52 weeks of High $ 280.25 that the bank has reached February.
“JPM under the current Director General was the best bank that was marked with consistency, growth, efficiency, resilience and entrepreneurial culture,” Mike Maio wrote, High Bank’s boss Wells FargoIn the period from 11. May.
The race for replacement of Dimon has changed earlier this year when two candidates decided. In January, Jennifer Piepszzak became the main operative officer and told Bank that would not require the position of the Executive Director. Daniel Pinto, who was president and COO and was considered Dimon’s right hand, announced That month would be deviated in June.
Dimon, on Monday, singled out Pinto at the end of the investor, saying “what a great partner is all the years.” JPMorgan Chase’s “World Class Investment Bank and World-Class Risk Management Systems” were due to the effort of Pinto, Dimon said.
The investor’s day for the JPMorgan Chase investment was an audition for three current candidates for the replacement of Dimon. Lead candidates for Dimon’s position are Marianne LakeGeneral Manager Consumer and Banking in the Community (CCB) and Troy RohrbaughCo-General Manager of Commercial and Investment Bank (CB), Maio wrote.
The lake spent 25 years in JPMorgan Chase and was previously the entire consumer loans since 2019. until 2021. years. The lake is close to many managers in JPMorgan Chase, including Piepszak running Chase Bank, Wall Street Journal said.
Rohrbaugh, 20-year-old Veteran JPMorgan Chase, was previously head of the market and securities and leading macro market, which include rates, foreign exchange, emerging markets and commercial enterprises. Rohrbaugh is down on earth and very affordable, colleagues credited Last year.
Also in running is Douglas FiftyKo-director of the company Komercijalna i investcional banka. He worked for JpMorgan Chase 35 years and recently served as a co-head of global banking.
“Successful guidance of a big bank is a difficult task, but whoever ultimately takes reins, it will probably start with a relatively stronger hand from some (though, with large filling shoes),” Maio wrote.
This story is originally presented Fortune.com
Source link
