Cerberus Names Ex-JPMorgan Executive Matt Zames as President
- Zames had been seen as possible Deutsche Bank CEO candidate
- Frank Bruno becomes co-CEO of Cerberus alongside Feinberg
This article is for subscribers only.
Matt Zames, the former JPMorgan Chase & Co. executive who had been seen as a candidate for Deutsche Bank AG’s top job, was named president of investment firm Cerberus Capital Management.
Zames will “lead a number of strategic investing and operating initiatives, including overseeing all investments in the financial-services industry,” the investment firm said Wednesday in a statement.