Senior management reshuffle at JP Morgan
JP Morgan made some senior leadership changes in its investment banking business today, promoting co-chief executive Steve Black, while letting go the other co-head, Bill Winters.
An official at the bank explains the re-shuffle was part of the bank's succession planning for Jamie Dimon, chief executive and chairman of JP Morgan. While Dimon has no plans to leave the bank, he was encouraged by the board to prepare a plan for his replacement, the official adds.
"With the credit crisis largely
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