JPMorgan Chief Risk Officer Hogan to Take Temporary Leave

JPMorgan Chase & Co. Chief Risk Officer John Hogan, whose tenure included the bank’s worst-ever trading loss, will take a temporary leave for personal reasons beginning later this month, he said in a memo to staff.

“I’m looking forward to taking this time off to spend with my family and friends,” Hogan wrote in a memo obtained yesterday. Deputy Risk Officer Ashley Bacon will fill in until Hogan returns this summer, he said. Hogan discussed his plans with top managers including Chief Executive Officer Jamie Dimon, he said.