🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

JPMorgan CEO Jamie Dimon has no plans to run for office, company says

Published 06/05/2023, 10:43 AM
Updated 06/05/2023, 11:10 AM
© Reuters. JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in
GS
-

By Lananh Nguyen

NEW YORK (Reuters) -JPMorgan Chase & Co CEO Jamie Dimon does not intend to run for office, the company said, after speculation in recent days about his potential political aspirations.

“As he has said in the past, Jamie has no plans to run for office," the company said in a statement. "He is very happy in his current role.”

The comment comes after billionaire hedge fund manager Bill Ackman said last week Dimon should run for president in the next U.S. elections.

When asked by Bloomberg News last week if he would ever consider public office, Dimon said: "I love my country, and maybe one day I'll serve my country in one capacity or another," without specifying a role.

Bank CEOs including Dimon are sometimes floated as potential candidates for senior government positions such as U.S. Treasury secretary or other economic policy roles. Henry Paulson, former Goldman Sachs (NYSE:GS) CEO, led the Treasury during the financial crisis.

Last month, Dimon, 67, said he leads the largest U.S. bank with the same intensity as when he was younger, but noted with a laugh that he plans to remain another "3-1/2" years.

© Reuters. JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in Washington, U.S., May 17, 2023. REUTERS/Evelyn Hockstein

Dimon stressed the bank's plans regarding his tenure were unchanged, although did not give specifics, at a gathering of investors in New York.

When asked at various points during his 17-year tenure about succession plans, Dimon had previously given five years as a timeline for stepping down. He expressed confidence in the next generation of management and the board's succession planning.

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.