JPMorgan Top Director Says ‘Stay Tuned’ on Risk Panel Change
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JPMorgan Chase & Co.’s risk committee could undergo changes in its membership, said Lee R. Raymond, the bank’s lead director.
“In terms of the composition of the risk committee, you should stay tuned,” Raymond said today at the firm’s annual meeting in Tampa, Florida. He was responding to a question from Mike Mayo, an analyst at CLSA Ltd., on why the board didn’t overhaul the committee following last year’s risk-management failures in the chief investment office.