💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Jamie Dimon says his eventual successor works at JPMorgan

Published 09/12/2017, 04:51 PM
Updated 09/12/2017, 05:00 PM
© Reuters. FILE PHOTO: Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during the Milken Institute Global Conference in Beverly Hills
GS
-
JPM
-

NEW YORK (Reuters) - Jamie Dimon, CEO of JPMorgan Chase & Co (N:JPM), said on Tuesday that his eventual successor is an executive working at the bank.

Dimon, speaking at the CNBC Institutional Investor Delivering Alpha Conference in New York, said "there are several people" in the bank who board members know could do his job now if necessary.

Dimon, 61, made the comment after being asked if he might be succeeded by Gary Cohn, the former chief operating officer of Goldman Sachs Group Inc (N:GS) who is now President Donald Trump's top economic adviser but who was unhappy about some of Trump's responses to the recent protests in Charlottesville, Virginia.

"The president needs strong people and Gary is one of them," said Dimon, who has led the bank since 2005.

© Reuters. FILE PHOTO: Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during the Milken Institute Global Conference in Beverly Hills

Dimon, repeating a statement he has made for a few years, said he wants to remain the bank's chief executive for another five years.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.