JPMorgan CEO’s Health Emergency Casts Shadow on China Plans
- JPMorgan is seeking full control of different China ventures
- Dimon most high-profile executive pushing for China expansion
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s emergency heart surgery has put the spotlight on succession, and in Asia, on how much of the lender’s push into China hinges on his commitment.
Dimon, who underwent surgery after suffering acute aortic dissection, has temporarily handed control of the largest U.S. bank to his lieutenants. His plan to bring JPMorgan’s “full force” to China and his relationships on the ground are seen as pivotal in a year when global banks are being allowed to take ownership of ventures in the world’s second-largest economy. A spokesman wasn’t immediately available to comment.