Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JPMorgan Chase & Co. promoted Matt Zames to co-chief operating officer alongside Frank Bisignano as the biggest U.S. bank shakes up its management following a $5.8 billion trading loss.

James “Jes” Staley, who was chief executive officer of JPMorgan’s investment bank, was moved out of daily operations and assigned the new position of chairman of the corporate and investment bank, the New York-based firm said today in a statement. Staley, 55, will transition “his current responsibilities to new leaders in the business,” JPMorgan said in the statement.


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.