JPMorgan Names Zames Sole COO as Bisignano Joins First Data

JPMorgan Chase & Co., the biggest U.S. bank, named Matt Zames sole chief operating officer as Frank Bisignano departed to become chief executive officer of First Data Corp.

“Zames is expanding his role,” JPMorgan Chairman and CEO Jamie Dimon said in an internal memo obtained yesterday by Bloomberg News. Paul Compton, currently co-chief administrative officer of the corporate and investment bank, will become CAO of the company and report to Zames, according to the memo.