JPMorgan Chase & Co., the largest U.S. bank, appointed nonprofit executive Bruce McNamer to run its global philanthropic initiatives as the company expands charitable giving.
McNamer will oversee all of JPMorgan’s donations in newly created roles as chief executive officer of the JPMorgan Chase Foundation and the corporation’s head of global philanthropy, the company said in a statement today. He’s spent the last nine years running TechnoServe, a charitable group that helps build farms, businesses and industries in developing countries.
“The private sector needs to step up and do its part to address the critical challenges we face,” JPMorgan CEO Jamie Dimon said in the statement.
Dalila Wilson-Scott, who has run the foundation since the beginning of the year, will succeed Kimberly Davis as the permanent president of the foundation, the company said. Wilson-Scott came from the corporate merger office and served in strategic planning in the consumer and commercial banking businesses, according to the New York-based lender. McNamer and Wilson-Scott will report to Peter Scher, who oversees corporate responsibility.
Davis left in November, according to a person with direct knowledge of the matter who wasn’t authorized to comment publicly on the departure. She’s listed as a managing director on the website of Teneo Holdings, a New York consulting firm.
The JPMorgan Chase Foundation announced a partnership last week with the Bill & Melinda Gates Foundation to finance technologies that fight killer diseases in low-income countries. Gates founded Microsoft Corp., the software firm.