Another one of Jamie Dimon's key executives is leaving JPMorgan Chase, the firm announced Sunday.
Frank Bisignano, co-chief operating officer along with Matt Zames, is leaving the bank to run First Data Corp., a payments processing company owned by private equity firm KKR. Zames, who now appears to be the clear frontrunner to lead JPMorgan (JPM) when Dimon retires, will be the sole COO of the bank.
"I am pleased that Matt Zames is expanding his role," Dimon said in a statement. "He is a proven business executive, who has performed exceptionally well since coming into his corporate role in May of last year."
But Bisignano's reputation was not tarnished by those losses.
"I have worked with Frank for many years, and he has proven himself time and again as a highly talented executive willing to take on difficult challenges and get the job done,"
|Why 3% is the scariest number for stocks|
|'Black Panther' roars past $700 million worldwide in week two|
|Here's a list of companies cutting ties with the NRA|
|Why companies are abandoning the NRA|
|KFC apologizes for chicken shortage with a hilarious hidden message|