JPMorgan Loses Another Potential Dimon Heir as Zames Walks
- Analyst sees Dimon as ‘well ensconced’ in chief executive role
- Zames’s responsibilities being split among other managers
JPMorgan COO Matt Zames Is Leaving After 13 Years
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JPMorgan Chase & Co. Chief Operating Officer Matt Zames, the intense ex-hedge fund trader who helped clean up the bank’s London Whale debacle and was seen as a possible successor to Chief Executive Officer Jamie Dimon, is leaving with the aim of running another company.
“I’ve been in this business for almost a quarter century, and I’ve spent the vast majority of my career building businesses front to back,” Zames, 46, said in a telephone interview. “I want to get back to that, I want to face off with clients again. I love big and complicated things.”