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JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.
June 18 -
Compared with its annual meeting last year, and to some of its peers' meetings this year, JPMorgan Chase (JPM) sailed through a relatively sedate meeting of shareholders Tuesday.
May 20 -
Whatever the outcome of Tuesday's vote over Jamie Dimon's dual titles at JPMorgan Chase, the debate raging at the country's largest bank will increase the pressure on bank boards to split up chairman/CEO roles in the future.
May 17
Stacey Friedman will become the general counsel of JPMorgan Chase early next year, and Steve Cutler will be its vice chairman, the company announced Monday.
Friedman, currently general counsel of JPMorgan's corporate and investment banking unit, will succeed Cutler as the top lawyer for the entire company.
She joined JPMorgan in 2012 from the law firm Sullivan & Cromwell, where she spent more than a year representing the bank in mortgage-backed-securities litigation and in its purchase of Washington Mutual.
Friedman will act as Cutler's deputy for the remainder of the year. Both will report to Chief Executive Jamie Dimon in their new roles. Friedman will join JPMorgan's operating committee a group of 15 of the company's key decision-makers when she takes over as general counsel.
As JPMorgan's vice chairman, Cutler will be a senior adviser to a number of the firm's executives, including Dimon, and to the board of directors. He is expected to advise on corporate governance, shareholder matters, regulatory issues and corporate-culture initiatives.
Cutler led the company's legal team for nine years and wanted "to try something different," Dimon said in news release.
