JPMorgan has added fresh faces to its top leadership committee. Here's everything that's been going on inside the biggest US bank.

JPMorgan is the biggest bank in the US and a bellwether for the global financial system. So when it comes to the bank's most senior leaders, and particularly those in position to replace CEO Jamie Dimon, Wall Street pays attention.

Most recently, Dimon sent a firmwide memo in mid-September announcing six new additions to JPMorgan's operating committee.

These include: Marc Badrichani, head of sales and research; Thasunda Brown Duckett, CEO of consumer banking; Takis Georgakopoulos, head of wholesale payments; Teresa Heitsenrether, head of securities services; Carlos Hernandez, executive chair of investment and corporate banking; and Troy Rohrbaugh, head of global markets.

In addition to their current business roles, which will remain unchanged, the new operating committee members will have "have increased responsibility for the company's overall management, including helping to execute the firm's strategy and enhance our strong culture," according to the memo.

Gordon Smith and Daniel Pinto, JPMorgan's co-presidents who report to Dimon and led the bank while he recuperated, will also be taking on additional responsibilities across the business, including chairing new business head forums that "will bring together the heads of our major businesses" to increase industry-wide cooperation.

Latest news

  • Goldman Sachs, JPMorgan, and Citi are Wall Street's most active fintech investors. These are the 10 startups they've poured money into so far this year.
  • Here's what execs at Bank of America and JPMorgan are thinking about the future of brick-and-mortar branches as digital banking adoption soars
  • Wall Street is starting to get back to work. Here are the latest return-to-office plans for 5 firms, including Goldman Sachs and Bank of America.
  • JPMorgan Chase is looking into customers' misuse of PPP loans — and the role the bank's own employees played
  • Here's a look at what technologists get paid at JPMorgan, where senior engineers can make upwards of $200,000
  • JPMorgan says the coronavirus pandemic has distorted a key gauge it uses to manage billions in loan losses, and explains why the 'easy months' of delinquencies may soon be over
  • A monster trading quarter saved the day at JPMorgan and Citigroup. But the second half of 2020 looks grim.

Leadership and succession 

  • JPMorgan CEO Jamie Dimon had emergency heart surgery as markets were crashing and coronavirus was spreading. Insiders told us exactly what happened in the 48 hours after he rushed to the hospital.
  • After a health scare for Jamie Dimon, succession is in the spotlight at JPMorgan. Here are 6 powerful execs at the biggest US bank who could replace him.
  • We identified the 70 most powerful people at JPMorgan. Here's our exclusive org chart.
  • JPMorgan handed its CFO a new role and it could be a sign she's a candidate to replace Jamie Dimon
  • JPMorgan is going through a big investment-banking leadership shakeup and 18 rainmakers have new roles keeping its biggest clients happy

JPMorgan's M&A plans

  • Jamie Dimon says JPMorgan will be 'much more aggressive' on acquisitions just days after Morgan Stanley revealed plans to buy E-Trade
  • Industry insiders reveal the 5 companies they think JPMorgan could try and buy after Jamie Dimon said the bank would be 'much more aggressive' on M&A

Technology

  • JPMorgan, Morgan Stanley, and Goldman Sachs execs gave us an inside look at how they're slashing the time and cost of bringing fintechs onboard as Wall Street looks to newcomers for innovation
  • An upstart exchange looking to elbow in on NYSE and Nasdaq just nabbed big buy-in from JPMorgan, Goldman Sachs, and Jane Street and set a go-live date
  • London fintech unicorn Revolut is in talks to raise $1.5 billion from JPMorgan as funding plans grow
  • JPMorgan is hiring to grow a team that designs tech used by its bankers and clients — and it shows the huge impact fintech is having on Wall Street
  • Jamie Dimon makes renewed pitch for JPMorgan to be valued like a subscription service — and it shows how Wall Street is trying to echo Big Tech
  • JPMorgan doesn't want to get burned by AI and machine learning. Here's how it avoids costly mistakes.
  • JPMorgan, Goldman Sachs, and Citi are Wall Street's most active fintech investors. Here are the 22 startups they poured money into this year.
  • Meet the JPMorgan banker with no technical expertise who's now in charge of one of the biggest data projects on Wall Street
  • JPMorgan spends $11 billion on technology. But a top exec at the giant bank says its clients don't want it to be a tech company.
  • Wall Street's massive tech spend has reached an 'inflection point' as billions in investments are starting to pay off
  • JPMorgan says it's poaching Google tech whizzes for its new equity-trading bot as Wall Street ramps up its automation revolution
  • JPMorgan is building a cloud engineering hub in Seattle minutes away from Amazon and Microsoft, and it's planning to hire 50 staffers this year
  • JPMorgan is in the middle of a 'massive process' of cleaning up thousands of databases, and it's hoping to unleash AI once it's finished
  • JPMorgan has tapped buzzy startup Snowflake to help it solve one of the biggest issues firms face when moving to the cloud
  • JPMorgan just named its top cyber executive to run tech for retail banking as it steps up its focus on security
  • A new study found JPMorgan and BofA are winning Wall Street's technological arms race — and smaller firms may have no choice but to merge to keep up
  • A JPMorgan exec explains why AI won't take over the fintech world any time soon

Wealth management and retail banking 

  • Wells Fargo CEO Charlie Scharf just hired another JPMorgan alum — this time, to run wealth management. Here's how Jamie Dimon's one-time protege has been building up his team.
  • JPMorgan is taking aim at apps like Robinhood by quietly rolling out options trading to select You Invest customers
  • JPMorgan and UBS private wealth execs explain why they're doing more private share-backed lending to Silicon Valley
  • JPMorgan's finance app for millennials was plagued with issues from the start. Here's the inside story of how Finn fell apart.
  • 'Who is Finn?': JPMorgan's banking app for millennials seemed destined to fail from the start
  • JPMorgan credit-card customers are seething about company plans to revoke their ability to sue them — here's how to protect yourself
  • JPMorgan flipped the banking playbook, and it's helped it find customers, sell more products, and build new branches
  • 'If you get to 700, 750, we'll cut your mortgage costs a little bit': JPMorgan is working on ways to reward you for improving your credit score, and it may be the future of consumer finance

Trading

  • A monster trading quarter saved the day at JPMorgan and Citigroup. But the second half of 2020 looks grim.
  • JPMorgan's top Treasuries trader Rob Allen has been placed on leave amid a compliance review of his electronic messages
  • JPMorgan has pulled at least 3 bond traders off the trading floor as part of its 2nd investigation this year into chat messages
  • A star quant just left JPMorgan for Citigroup in one of the most fiercely competitive hiring grounds on Wall Street
  • JPMorgan has cut nearly two-dozen people in a group responsible for preventing traders from making risky bets
  • JPMorgan and Citigroup just closed bond desks for smaller trades in favor of algorithms. It's another sign that robots are taking over.
  • Goldman Sachs is shuffling its top stock trading executives as the business tries to claw back market share from Morgan Stanley and JPMorgan
  • 'Fixed-income markets around the world are going to double': JPMorgan's Dimon offers a bold outlook, and it's a sign bond trading may soar again
  • JPMorgan poaches a star equities trader from Goldman Sachs who was part of team that made $200 million in profit in one day

Deals

  • JPMorgan is going through a big investment-banking leadership shakeup and 18 rainmakers have new roles keeping its biggest clients happy
  • Top tech banker Noah Wintroub is at the center of WeWork's failed IPO. We talked to insiders to learn more about his meteoric rise at JPMorgan.
  • JPMorgan's Jamie Dimon met with WeWork's Adam Neumann to hash out how to get its botched IPO back on track
  • A senior Goldman Sachs fintech banker was about to join JPMorgan — but then got lured back —and it's another sign of the fierce battle for M&A talent
  • A tug-of-war between Goldman Sachs and JPMorgan over a top banker highlights Wall Street's $1 trillion battleground
  • JPMorgan's US M&A chief shares the secret sauce for getting deals to pop by flouting an old-school rule of dealmaking
  • JPMorgan is chasing a $3 billion opportunity in places like Atlanta, Dallas, and Seattle — and it's raised the stakes in Wall Street's race for national dominance
  • Inside the world's biggest all-cash merger: How JPMorgan moved $57 billion in 6 hours so Bayer could pay for Monsanto

Recruiting 

  • JPMorgan's investment bank is scrapping on-campus visits in favor of video interviews and online games as Wall Street targets the next generation

Source: Read Full Article