JPMorgan Chase & Co. JPM, -0.10% said business unit heads Daniel Pinto and Gordon Smith will become co-presidents and chief operating officers of the bank effective January 30.
Pinto, head of the corporate and investment bank, and Gordon Smith, head of the consumer and community bank, will continue reporting to Chairman and Chief Executive James Dimon, and will “help drive critical firmwide opportunities,” according to the bank.
Dimon, 61, said in a statement that he will continue in his role for “approximately five more years.”
Dimon, widely viewed as the most powerful executive on Wall Street and a statesman for the banking industry, had told people within the bank that he plans to stay in his role for another five years, executives have said, though the number hasn’t changed as the years pass.
An expanded version of this report appears on WSJ.com.
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