Executive director jpmorgan salary: Page Not Found | Glassdoor

Опубликовано: January 7, 2023 в 8:04 am

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JPMorgan’s new managing directors on $450k salaries

It’s that time of year when JPMorgan promotes its new managing directors. Unlike Goldman Sachs, JPMorgan doesn’t share the list of its new promotions. However, the names are dribbling out anyway.

We’ve included some of this year’s promotions below. They include 45 deal makers in the investment bank globally, identified by Financial News. They also include various client-facing people in the corporate and investment bank and plenty of people in technology and artificial intelligence.

As JPMorgan builds out its AI team, there are signs that data and AI professionals have been popular in this year’s MD list. Two members of the Onyx blockchain team have also been promoted. Let us know who we’ve left out using the contact details at the bottom of this article.

How much do managing directors earn at JPMorgan?

The latest data from U.S. h2B salary filings suggests salaries for JPMorgan’s MDs range from $320k to $495k in 2022, depending upon role and location.

The highest salaries go to managing directors on the trading floor in New York City. The lowest go to managing directors working in payments in New Jersey (it’s likely that MDs in Austin get lower salaries still). MDs in data management engineer at JPMorgan in New York City are being hired on salaries of $450k. 

Bonuses will be paid on top of this. 

The (partial) JPMorgan 2022 MD list

Jennifer Acosta, TMT banking, New York

Ashiba Ali, corporate banking sales, London

Mose Adigun, UK investment banking, TMT, London

Roshan Ahmad, sovereign advisory, New York

Eric Anderson, M&A, Chicago

Tripp Baldwin, M&A, New York

Bob Berkus, investment banking, California

Abhinav Bharti, head of India ECM, Mumbai

Vicente Brocchetto, head of technology investment banking for Latin America, New York

Zach Canter, technology investment banking, Boston

Sollo Cho

Brittany Collier, consumer and retail ECM, New York

Mike Connor, healthcare investment banking, San Francisco

Michele Cortiula, investment grade and leveraged finance, Italy and Greece, Milan

Cedric Cosquer, leveraged finance, Paris

Neil Dalal, TMT, New York

Pearse Davidson

Joe DeBarbrie, diversified industrials, New York

Anuja Desai, corporate finance, New York

Edwin Evans, corporate client banking and specialized industries, London  

Matthew Fong, fintech treasury and payment sales leader, New York

Ked Fisseha, M&A, New York

Zev Garell, leveraged finance, London

Jack Gibson, head of payments engineering, Austin

Zachary Gross, power and renewables, New York

Gurdip Singh Jheeta, global technology modernization lead, London 

Jinsoo Ha, head of ECM, South Korea, Seoul

Michael Kaplan, basic materials investment banking, Chicago

Zohar Keller, M&A, New York

Dave Khalsa, investment banking, Washington DC 

Hannes Kofler, energy investment banking, London

Nick Lehmann, FIG banking, New York

Adam Margolis, head of Asian cross-asset derivatives in the private bank, Singapore 

Niketa Malhotra, credit risk technology, Glasgow 

Alia Malik, head of sponsor services, corporate broking, London

Micol Martinelli, TMT investment banking, London

Israel Martinez Magana, FIG, New York

Rob MacAndrew, technology development manager, Glasgow 

Jim McHugh

Naveen Mallela, Global Head Onyx Coin Systems, Singapore 

Dimas Megna, head of Brazil investment banking, Sao Paulo

Tulasi (Das) Movva, Head of Architecture, Operations, Technology Risk and Controls for Onyx, JPMorgan’s blockchain unit, New York

Ramana Nallajarla, Chase AI/ML technology delivery lead, Delaware 

Cameron Nicholls, investment banking, Sydney

Mohamed Noah, CTO, international consumer bank, New York

Piyush Parekh, strategy, London

Manish Patel, healthcare corporate banking, Houston 

Nikul Patel, New York

John Pissanos, healthcare investment banking, London

Tilman Pohlhausen, head of private capital advisory, EMEA, London

Narayan Raj, head of data and analytics, wholesale payments, New York 

Romeo Raugei, investment grade finance, New York

Carly Roddy, San Francisco

Noah Roth, leveraged finance, London

Maria Samoilova, head of Iberia M&A, Madrid

Puneet Sharma, global head of AI for asset management, Bengaluru 

Manita Shinh, UK healthcare investment banking, London

Hashem Shubber, leveraged finance, Milan

Andrew Spicehandler, FIG, New York

Pasquale Ventafridda, head of sponsors and family-owned businesses, Milan

Romain Vernay, DCM, Paris

Annie Wernig, healthcare investment banking, San Francisco

Jason Yeager, strategy, New York

Stacey Youell, head of strategy, transformation and business services for cloud platforms infrastructure division and diversity, equity & inclusion leader, London

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

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JPMorgan tops list of best paying banks – but only if you’re a manager | The Independent

JPMorgan has topped a list of the best paying UK-based banks – but only if you’re a manager.

The US bank’s London office pays its managing directors a median £919,463 salary. That’s 35 per cent more than its closest rival, Morgan Stanley, where managers get a median of £682,525 per year.

But JP Morgan did not offer the best salary for associates, according to research by Emolument.com, a salary benchmarking site that analysed 1,4333 salaries from managing directors and associates in London to create a league table of the best paying banks.

JP Morgan got the worst score for fairness as its managing director salary was more than £800,000 superior to its associate salary at £105,000.

Executive pay has been in the spotlight recently after Britain’s high profile bosses called for companies to restore confidence in a system that is seen as “broken”.

Deutsche Bank’s investors voted down a pay package for chief executives after the bank made a €6.8 billion (£5.2bn) loss last year. The vote followed previous pay rebellions at Citygroup and Renault.

The Emolument data found that top managers at Deutsche Bank received average compensation of £675,000, despite the fact that the bank has recently announced it is cutting its bonus pool by €2. 41 billion (£1.88 billion) after posting its first annual loss since 2008. The bank ranked 14th on Emolument fairness scale.

Credit Agricole was ranked as the bank with lowest pay package of £200,000 for managing directors.

Societe Generale, Credit Agricole, Commerzbank and Credit Suisse, which has the lowest MDs salaries, scored highly for fairness.

The era of big bonuses might soon be coming to an end. A report by the accountants Deloitte said “two in five FTSE 100 CEOs received a salary freeze this year” and talked of “continued restraint” by boards.

Richard Pennycook, chief executive of the Co-op group, has surprisingly asked for his pay packet to be cut by 60 per cent having seen the first signs of success with his turnaround of the food-to-funerals conglomerate.

Salaries and bonuses at 18 banks ranked from best to worst

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What is executive director at JP Morgan?





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Executive directors help to design, develop, and implement strategic plans to help their company work in a cost- and time-efficient manner. They are also responsible for overseeing day-to-day activity for the company, as well as developing future plans.

Table of Contents

How much does a VP at JP Morgan earn?

J.P. Morgan Salary FAQs The average salary for a Vice President is $166,656 per year in United States, which is 14% higher than the average J.P. Morgan salary of $145,934 per year for this job.

What is the hierarchy at JP Morgan?

JP Morgan has analyst, associate, vice president, executive director and managing director, a structure that is similar to Morgan Stanley.

Is executive director higher than VP?

Vice Presidents oversee single departments. Directors and Vice Presidents are lower in the company than Executive Director, because the word ‘Director’ and ‘Vice President’ comes before the word ‘Executive Director. ‘ It is also important to note that not all companies use this title structure.

Is executive director higher than president?

Instead, the executive director will have the top position. Larger non-profits may employ both a president and a CEO. If a non-profit has a president, they are often the head of the organization. In those cases, the president will have some unique responsibilities.

How much do Chase executive directors make?

The typical Chase Executive Director salary is $190,589 per year. Executive Director salaries at Chase can range from $119,837 – $277,254 per year.

How much does a Chase VP make?

The typical Chase Vice President salary is $132,565 per year. Vice President salaries at Chase can range from $78,798 – $198,849 per year.

Does J.P. Morgan pay well?

The average J.P. Morgan salary in the U.S. is $93k for analysts (average of first and second-year), $137k for associates and $182k for VPs. What is the average bonus for J.P. Morgan in the U.S.? The average bonus for J.P. Morgan in the U.S. is $36k for analysts, $57k for associates and $68k for VPs.

How much does J.P. Morgan pay analysts?

Salaries for first-year investment-banking analysts will start at $110,000, up from the boost to $100,000 announced in June, according to a person familiar with the matter. The bank is raising second-year analyst pay to $125,000 and third-year pay to $135,000.

How much does an associate at J.P. Morgan earn?

How does the salary as an Associate at J.P. Morgan compare with the base salary range for this job? The average salary for an Associate is £53,255 per year in London, United Kingdom Area, which is 21% lower than the average J.P. Morgan salary of £68,069 per year for this job.

Who is the boss of an executive director?

The Board of Directors is the collective boss of the CEO/Executive Director of a non-profit corporation.

What level is executive director?

In most companies the executive director is a step down from the vice president level on the chain of command. You would have the CEO, then the C-Suite, then the VPs, and then the executive director. Companies have the ability to give titles at each level of management based on their own preferences.

How high up is an executive director?

Primary duties: An executive director is often the highest executive in a nonprofit organization. In both nonprofits and businesses, the executive director responds to the board of directors. In many ways, the role of the executive director is the same as the role of the chief executive officer.

What rank comes after CEO?

In an organization or company where a CEO is already in charge, the president is the second in command. In the corporate world, presidents often hold the position of chief operating officer (COO). The COO, responsible for day-to-day operations, has vice presidents for different parts of the company reporting to them.

Is an executive director the same as a CEO?

Both refer to the highest-ranking executive of an organization or corporation, holding many of the same responsibilities. An observable difference, however, is that the title “Executive Director” is most commonly used in nonprofit organizations, while CEO is a well-known term for the head of a for-profit company.

Is an executive director an officer?

A nonprofit’s officers include its president, vice president, secretary, treasurer, executive director, and chief executive officer (CEO). Officers are usually classified as employees because they work under the board of directors’ direction and control.

How does J.P. Morgan negotiate salary?

Be nice, explain your case, and listen to what your employer has to say. JPMorgan Chase’s Kelly Coffey suggests you don’t need to engage in all that “hardball” negotiation. Instead, she says, you should say just two things: “I would like to make $X.”

Is JPMC a good company to work for?

Excellent company to work with The organisation maintains a great work life balance and provides you with ownership and decision making opportunities to help you grow in the corporate world.

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Jamie Dimon Biography, age, JPMorgan Chase, net worth, wife and Donald Trump

Famous People In The Usa

Jamie Dimon biography

Jamie Dimon is an American business executive. He is the CEO and Chairman of the Board of JPMorgan Chase, the largest of the four major US banks. He previously served on the board of directors of the Federal Reserve Bank of New York. Jamie was included in the lists of the 100 most influential people in the world by Time magazine for 2006, 2008, 2009and 2011. He was also named to Institutional Investor’s top executives in All-America Executive Team polls from 2008 to 2011.

His leadership style has been characterized as paradigmatic “founder-centric” in a study published at Oxford University, which reflects a founder’s mindset, an ethical attitude towards the shareholder community, and a strong focus on exponential value creation.

He is one of the few bank executives to become a billionaire, thanks in part to a $485 million stake in JPMorgan Chase. In fiscal year 2011, Jamie earned a $23 million salary, more than any other bank CEO in the United States. As compensation for his work in fiscal year 2013, Jamie received $20 million. In 2017 he earned 29.5 million dollars.

Jamie Dimon Age

He was born March 13, 1956 in New York. As of 2019, he is 63 years old.

Jamie Dimon photo

Jamie Dimon’s family | Jamie Dimon Parents | Family photos of Jamie Dimon

Dimon was born in New York. He is one of three sons born to Greek Jewish immigrants Theodore and Themis (née Kalos) Dimona. His paternal grandfather, who was a Greek immigrant, changed his surname from Papademetriou to Dimon to sound more French and worked as a banker in Smyrna (modern Izmir) and Athens. Jamie has an older brother, Peter, and a twin brother, Ted. His father and grandfather were stockbrokers in Shearson.

Jamie Dimon Education | Jamie Dimon Goldman Sachs

As a young man, he attended Browning School. At Tufts University, he majored in psychology and economics. Jamie worked at Shearson during his summer break at Tufts.

After graduation, Jamie worked in management consulting for two years before enrolling at Harvard Business School with classmates Jeffrey Immelt, Steve Burke, Steven Mandel and Seth Klarman. He spent summers at Harvard working at Goldman Sachs. At 19’82 Jamie graduated with an MBA as a Baker Scholar.

Jamie After graduation, Sandy Weil convinced him to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express.

Even though Weil couldn’t offer the same amount of money as the investment banks, Weill promised Dimon that he would “have some fun”. Theodore Dimon’s father Jamie was an executive vice president of American Express. Jamie Dimon came to Weil’s attention when his father Theodore passed on an essay written by Jamie.

Jamie Dimon JP Morgan | Jamie Dimon CEO | Jamie Dimon Bank One

Dimon became CEO of Bank One, the nation’s fifth largest bank, in March 2000. Dimon became president and chief operating officer of the combined company when JPMorgan Chase acquired Bank One in July 2004.

On December 31, 2005, he was named CEO of JPMorgan Chase and on December 31, 2006, Chairman and President. Jamie was a Class A board member of the Federal Reserve Bank of New York in March 2008. JPMorgan Chase has become the leading US bank in terms of domestic assets under management, market capitalization and value of publicly traded shares under Jamie’s leadership, with acquisitions during his tenure. In 2009Jamie was named one of the “CEOs of TopGun” by consulting agency Brendan Wood International.

Jamie was involved in a high-profile heated exchange with Mark Carney, governor of the Bank of Canada on September 26, 2011, in which he said that Basel III international financial rules discriminated against US banks and were “un-American. ” . JPMorgan Chase began an emergency call on May 10, 2012 to report losses of at least $2 billion on deals that Dimon said were “designed to hedge the bank’s overall credit risk.” This strategy, according to Jamie, was “imperfect, complex, poorly tested, poorly implemented, and poorly tracked.” The episode was investigated by the Federal Reserve, the Securities and Exchange Commission, and the FBI, and the center player was nicknamed “The London Whale”.

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In January 2012, Dimon commented on the Walker Rule: “The part of the Walker Rule that I agree with is not a prop. But creating a market is an important function. And the public must recognize that we have the widest, deepest and most transparent capital markets in the world. And partly because we have a huge market. If the rules were written the way they were originally published; I suspect they will change and it will be really hard to be a market maker in the United States. ” He was Chairman of the Executive Committee of the Business Council in 2011 and 2012.

On January 24, 2014, it was announced that Jamie would receive $20 million for his work in 2013, the year of record earnings and share price under his administration, despite significant losses this year due to scandals and fines. The premium was increased by 74% to include over $18 million in limited promotions. Forbes announced that in a statement following the news of Dimon’s compensation, the bank said, “Under Mr. Dimon’s leadership, the Company has strengthened its infrastructure and control processes and strengthened each of its key businesses while continuing to focus on strengthening the Company’s leadership skills. at all levels “.

Jamie Dimon Salary | Jamie Dimon Net Worth | Jamie Dimon Pei | Jamie Dimon Compensation

Jamie Dimon, CEO of JPMorgan Chase, earns a $28 million salary. CEO Jamie Dimon received $28 million from NEW YORK (Reuters) CEO of JPMorgan Chase & Co (JPM. N) in total compensation for 2016, up 4 percent from the previous year, the company said. As of 2019year, his net worth is estimated at US$1.4 billion.

Jamie Dimon on the wealth gap

Jamie, CEO of JPMorgan Chase, told CBS’s 60 Minutes in an interview broadcast on Sunday, November 10, 2019 that the US wealth gap is a “huge problem.”

“I think this is a huge problem,” Dimon said. “I think the rich have gotten too rich in many ways, so middle class incomes have stayed the same for about 15 years, and that’s not particularly good for America.”

He added that people at the bottom of the spectrum were “particularly left behind,” noting, “We haven’t done a good job of growing our economy. It would eliminate a lot of problems’.

Jamie’s remarks come amid increased criticism of the wealthy by some US presidential candidates, notably Democratic Senator Elizabeth Warren of Massachusetts.

Jamie Dimon’s wife | Daughter of Jamie Dimon

Dimon married Judith Kent in 1983. He met her at Harvard Business School. The couple have three daughters: Julia, Laura and Kara Lee.

Jamie Dimon Cancer | Jamie Dimon Health

In 2014, Jamie was diagnosed with throat cancer. He received eight weeks of radiation and chemotherapy, ending in September 2014.

Jamie Dimon Trump

Jamie Dimon, CEO of J.P. Morgan Chase has hit back at President Donald Trump by saying he can beat the president in a personal election.

At an event held at his bank’s headquarters on Park Avenue in New York, Jamie said, “I think I can beat Trump”: “Because I’m as tough as he is, I’m smarter than him. I’ll be fine. He could hit me all he wanted, it won’t work with me. I will resist “.

Briefly, he addressed the outrage caused by his comments: “I shouldn’t have said that. I’m not running for president,” the CEO said about an hour after the initial exchange. The unexpected outburst “proves that I’m not going to be a good politician,” Dimon said. “I get frustrated because I want all parties to come together to help solve big problems. ”

Jamie Dimon House | Jamie Dimon House | Message from Jamie Dimon | Jamie Dimon Story

Address: 1185 Park Avenue. Many observers say JPMorgan is in the strongest form of any major bank since the Great Recession. However, the JPMorgan CEO may have had less success buying the house.

The apartment is located on the “L” line, on the floor plan there are three bedrooms and three bathrooms. It cost $4.9 million in 2004, according to city records.

Although this price may seem relatively modest for a captain of industry, it can still be a bit high for a limestone and brick cooperative building on East 94th street. The high-rise building of 1929 has its advantages, including the fact that it is invisible. It has a private courtyard that cars can drive into.

is the actor who plays McGee on NCIS

Jamie’s apartment, according to property records, faces north and is at roof level, suggesting good sunlight. However, another three-bedroom apartment in building #7F sold for just $3. 6 million. “I think he paid big bucks, unless he was in superb condition with marble tubs,” said Larry Kaiser of Key-Ventures brokerage. He added that the most desirable apartments in the house are on the “D” line. But Dimona is not embarrassed. According to media reports, he took home $21 million last year.

Jamie Dimon Office

Dimon Office. It is located on the 48th floor and overlooks downtown Manhattan. It contains the usual CEO décor, a large conference table, couches, family photos and some unique items such as the golden shovel from last year’s groundbreaking ceremony for the Chase Center, San Francisco’s new Golden State Warriors arena.

Book by Jamie Dimon | Last Man Standing Book Jamie Dimon

  1. Last Man Standing: The Rise of Jamie Dimon and JPMorgan Chase

In Last Man Standing, award-winning journalist Duff McDonald provides an unprecedented and deeply personal look at the extraordinary personality behind JPMorgan’s success. Based on countless hours of interviews with Dimon and his full circle of friends, family and colleagues, this comprehensive biography is the most comprehensive portrait of the man known as the Savior of Wall Street.

Jamie Dimon for President

On September 17, 2018, it was reported that Gary Cohn, former chief economic adviser to the White House, said that Jamie Dimon would become a “phenomenal president” days after CEO J.P. Morgan Chase said he could beat President Donald Trump in the election.

“I think Jamie would make a phenomenal president. I think Jamie would be an impressive president,” Kohn said during an interview with Reuters Live.

“Look, after seeing the inside of the Oval Office and working there for several hours a day, it’s very similar in many ways to running a complex multinational firm. It really is,” he added.

Cohn’s comments come less than a week after Dimon said he could beat Trump in a personal election.

Jamie Dimon Jewish

Jamie and his three brothers were born to Greek Jewish immigrants.

Jamie Dimon quotes

  1. Most solutions are not binary and there are usually better answers waiting in the wings if you do your research and bring in the right people.
  2. The best way to look at any business is from the customer’s point of view.
  3. When grandfather was born, there was no healthcare. There were no planes. There were no boats. There were no trains. There was no connection. Without Internet. There is no widespread knowledge. It will be a completely different world, but in a hundred years it will be much better.
  4. Companies that grow for the sake of growth or expand beyond their core business strategy often stumble. On the other hand, companies that scale up for the benefit of their customers and shareholders are more likely to succeed over time.
  5. I am not responsible for the financial crisis, I hate to tell you this.
  6. Many things have their drawbacks. Flying has its downsides – people die every now and then. Do you want to stop all air travel? Farming has its downsides; sometimes they are abused. Do you want to stop taking pills?
    Read more at: https://www.brainyquote.com/authors/jamie_dimon

Jamie Dimon Hight

Some sources put Jamie at 5’10” or 5’11”.

Jamie Dimon Davos

Newspaper of the Week
Associated Press, October 16, 2018

NEW YORK (AP) – Jamie Dimon, CEO and Chairman of the Saudi Arabia Chase, has decided not to participate in the Saudi Arabia Chase event in the Desert this month as outrage over the disappearance of journalist Jamal Khashoggi continues to grow.

Last week, Dimon was asked if he was going to participate in the event, but declined to comment. A JPMorgan spokesman said the bank would not comment further on Dimon’s exit decision.

Khashoggi was last seen entering the Saudi consulate in Istanbul, Turkey on October 2. Turkish officials have said they fear the assassination and dismemberment of Saudi militant group Khashoggi, who has been critical of Saudi Crown Prince Mohammed bin Salman.

The Kingdom called the allegations “baseless” but provided no evidence that Khashoggi ever left the consulate.

Jamie Dimon Financial crisis

Speaking with CNBC’s Andrew Ross Sorkin, CEO J.P. Morgan Jamie Dimon details the events leading up to the 2008 financial crisis.

Ten years later, he says he doesn’t trust doing business with Washington because “the next government can do whatever it wants.”

Peggy Schuyler, age of death

Watch the video below for an inside look at how Wall Street’s historic week unfolded from the perspective of the most influential players in finance.

Jamie Dimon Brother

Twin brother of Jamie Dimon, CEO of JPMorgan Chase, Theodore Dimon, Jr., Editor D., built his career as an educator exploring the workings of the human body while his brother rose through the ranks and headed the largest bank in the country. United States

Jamie Dimon for Treasury

Dimon, as head of JPMorgan Chase, oversaw a $25 billion transfer from the US Treasury to the bank on October 28, 2008 under the Troubled Asset Relief Program (TARP). This is the fifth largest amount transferred under TARP Section A to help distressed home mortgage loans.

Jamie Dimon Obama | Jamie Dimon Political affiliation | Jamie Dimon Democrat

In May 2012, Jamie described himself as “barely a Democrat” and stated that I was concerned about some of the Democrats’ anti-business activities, attacks on the work ethic and successful people. I think this is very counterproductive. … This does not mean that I do not have their values. I want a job. I want a more just society. I don’t mind paying higher taxes. … I do think that we are the guardians of our brother, but I think that attacking what creates everything is the wrong way.

Following Obama’s victory in the 2008 presidential election, there was speculation that Jamie would serve in the Obama administration as Secretary of the Treasury. Obama eventually appointed Timothy Geithner, president of the Federal Reserve Bank of New York, to the position.

Jamie Dimon Summer Reading List | Jamie Dimon Book List

Jamie, CEO of JP Morgan Chase, had a town hall for summer interns. Apparently, quite a few people asked Dimon for a reading list. He emailed them the following list of his favorite books, “which includes many business and history books.”

Business

  • Competition Strategy: Methods for Analyzing Industries and Competitors
  • Security Analysis – 1940 Classic Edition
  • The Smart Investor
  • Execution – The Discipline of Getting Things Done
  • Straight out of the Gut Made in America
  • Double your profits in 6 months or less
  • Built from the ground up
  • Only the paranoid survive
  • Built to last
  • The team of rivals: the political genius of Abraham Lincoln

History is another

  • Brief history of almost only
  • Weapons, microbes and steel: The fate of human societies
  • Difficulty: The nascent science on the verge of order and chaos
  • of history of knowledge: past, present and future
  • The clash of civilizations and the reshaping of the world order
  • Wealth and poverty of peoples: why some are so rich, while others are so

Jamie Dimon Bloomberg | Jamie Dimon billionaire

According to Bloomberg, Jamie is now worth $1. 1 billion. At JPMorgan, he has a $485 million stake through stocks and options, as well as $32 million in real estate. In addition, he has wealth from an “investment portfolio seeded with proceeds” from his previous tenure at Citigroup.

Jamie Dimon India

On June 26, 2017, Seema Modi tweeted that after meeting in India on Sunday with Prime Minister Narendra Modi, JPMorgan CEO (JPM – Get Report) Jamie Dimon was seen having lunch with recently retired Uber CEO Travis Kalanick. [4] [5] Dimon was included in Time magazines 2006, 2008, 2009 and 2011. list of 100 most influential people in the world. [6] Dimon’s net worth is estimated at $1.4 billion. [7]

Dimon is one of the few bank executives to become a billionaire, thanks in part to a $485 million stake in JPMorgan Chase. [8] He was paid $23 million in fiscal year 2011, more than any other US bank executive. [9] However, his compensation was reduced to $11. 5 million in 2012 by JPMorgan Chase following a series of disputed trading losses of $6 billion. In fiscal year 2017, Dimon received $29.5 million. [10]

Contents

  • 1 early life and education
  • 2 career
    • 2.1 Commercial credit and transition to Citigroup
    • J.P. Morgan
    • 2.3 Federal funds TARP
    • 2.4 Political undertakings
    • 2.5 London whale
  • 3 Personal life
  • 4 Awards and differences
  • 5 Recommendations

LIFE LIFE AND ONE LIFE LIFE OF THE LIFE LIFE AND ONLY OF NOCEARICA three sons of Greek immigrants Theodore and Themis (née Kalos) Dimona,

[11] and attended Browning School. [12] His paternal grandfather was a Greek immigrant who changed his last name from Papademetriou to Dimon to sound more French, [13] and worked as a banker in Smyrna (now Izmir) and Athens. He has an older brother, Peter, and a twin brother, Ted. Dimon’s father and grandfather were stockbrokers at Shearson. [14]

He majored in psychology and economics at Tufts University and graduated summa cum laude. At Tufts, Dimon wrote an essay on the Shearson mergers; his mother sent the newspaper to Sandy Vale, who hired Dimon to work at Shearson to budget during the summer holidays. [15]

After graduation, he worked in management consulting for two years before attending Harvard Business School with classmates Jeff Immelt, Steve Burke, Steven Mandel, and Seth Klarman. Summers at Harvard, he worked at Goldman Sachs. He graduated in 1982 with an MBA. Baker School. [16]

After graduating from Harvard Business School, Sandy Weil persuaded him to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express. [17] Although Weil could not offer the same amount of money as the investment banks, Weill promised Dimon that he would “have fun”. [18] Dimon’s father, Theodore Dimon, was an executive vice president of American Express. [19]

Career

Commercial loan and move to Citigroup

Sandy Weil left American Express in 1985 and Dimon followed. The two then took over the Commercial Loan, and Consumer Finance Company, from Benchmarks. At 30, Dimon served as chief financial officer, [20] Helping turn the company around. Through a series of mergers and acquisitions in 1998, Dimon and Weill were able to form a major financial services conglomerate. Citigroup. Dimon left Citigroup in November 1998 after Weill asked him to resign during an informal weekend executive meeting. [21] At the time, it was rumored that he and Vail had an argument in 1997 due to Dimon not promoting Vail’s daughter, Jessica M. Bibliowicz, [22] although this happened a year before Dimon’s departure. At least one other account cites Dimon’s request to be treated as an equal as the real reason. [23]

Go to J.P. Morgan

Dimon’s interview with Argentine President Mauricio Macri to announce JP Morgan Chase’s increased investment in the country.

In March 2000, Dimon became the CEO of Bank One, the fifth largest bank in the country. [24] When JPMorgan Chase acquired Bank One in July 2004, Dimon became president and chief operating officer of the combined company.

On December 31, 2005, he was named CEO of JPMorgan Chase and on December 31, 2006, Chairman and President. [25] In March 2008, he was a Class A board member of the Federal Reserve Bank of New York. Under Dimon’s leadership, with acquisitions during his tenure, JPMorgan Chase has become the leading US bank in terms of domestic assets under management, market capitalization and publicly traded share value. In 2009, consultancy Brendan Wood International named Dimon as one of the “CEOs of TopGun”. [26] [27]

On September 26, 2011, Dimon was involved in a high-profile heated argument with Mark Carney, Governor of the Bank of Canada, in which Dimon said the provisions of Basel III international financial rules discriminate against US banks and are “un-American”. [28] On May 10, 2012, JPMorgan Chase initiated an emergency call to report losses of at least $2 billion on trades that Dimon said were “designed to hedge the bank’s general credit risk.” According to Dimon, the strategy was “flawed, complex, poorly tested, poorly implemented, and poorly tracked.” [29] The episode was investigated by the Federal Reserve, the SEC and the FBI, and the central player was named the London Whale. [30]

Dimon commented on the Volcker Rule in January 2012: “The part of the Volcker Rule that I agreed with is not underground trading. But creating a market is an important function. And the public must recognize that we have the widest, deepest and most transparent capital markets in the world. . And this is partly due to the fact that we have a huge market. If the rules were written the way they were originally; I suspect they will be changed, it would be really hard to be a market maker in the United States.” [31] He served as Chairman of the Executive Committee of the Business Council for 2011 and 2012. [32]

On January 24, 2014, it was announced that Dimon would receive $20 million for his work in 2013, the year of record earnings and share price under his reign, despite significant losses that year due to scandals and payouts fines. The premium was increased by 74% to include over $18 million in limited promotions. This is despite the US government’s recent $13 billion settlement, the largest in history, over bad mortgages and practices during the financial crisis. [33] Forbes reported that in a statement following Dimon’s compensation news, the bank said, “Under Mr. Dimon’s leadership, the Company has strengthened its infrastructure and control processes and strengthened each of its key businesses while continuing to focus on strengthening the Company’s leadership qualities. in all areas of activity. all levels.” [34]

TARP federal funds

As head of JPMorgan Chase, Dimon oversaw a $25 billion transfer of funds from the US Treasury to the bank on October 28, 2008, the Troubled Asset Relief Program (TARP). [35] This is the fifth largest amount transferred under TARP Section A. [36] in aid of distressed assets related to residential mortgages. It has been widely reported [37] that JPMorgan Chase is in much better financial health than other banks and does not need TARP funds but is accepting funds because the government does not want to dedicate only banks with capital problems. JPMorgan Chase announced in February 2009 that it would use its capital-based monetary base to acquire new businesses. [38]

By February 2009, the US government had made no progress in enforcing TARP’s $25 billion commitment to fund JPMorgan Chase. [35] In the face of government inaction during the week of Feb. 1, 2009, Dimon’s statement was quoted:

JPMorgan would be fine if we stopped talking about the damn bank nationalizations. We have a lot of capital. I tell the politicians where have they been? … They approved all these banks. Now everyone is beaten, they are asked to look at all these mistakes, and we will come and correct them. [39] [40]

JPMorgan Chase may have been the healthiest of the nine largest US banks and didn’t need to take TARP funds. To encourage smaller banks with distressed assets to accept the money, Treasury Secretary Henry Paulson allegedly forced the heads of the nine largest banks to accept TARP money on short notice. [41]

Political initiatives

Dimon donates primarily to the Democratic Party. [42] In May 2012, he described himself as “barely a democrat”. [43] stating

I’m concerned about some of the anti-business Democrats, attacks on the work ethic and successful people. I think this is very counterproductive. … This does not mean that I do not have their values. I want a job. I want a more just society. I don’t mind paying higher taxes. … I do think that we are the guardians of our brother, but I think that attacking what creates everything is the wrong way. [43]

After Obama won the 2008 Presidential election, there was speculation that Dimon would serve in the Obama Administration as Secretary of the Treasury. Obama eventually appointed the president of the Federal Reserve Bank of New York, Timothy Geithner, to the position. [44]

After acquiring the Washington Mutual from JPMorgan Chase, Obama commented on how Dimon handled the housing crash, credit crunch, and banking collapse affecting corporations across the country, including major financial institutions such as Bank of America, Citibank, and Wachovia (later acquired by Wells Fargo).

You know, keep in mind, although there are a lot of banks that are actually quite well managed, JPMorgan is a good example, Jamie Dimon, the CEO there, I don’t think he should be punished for a pretty good job of running a huge portfolio. [45]

Dimon had close ties to several people in the Obama White House, including former Chief of Staff Rahm Emanuel. [46] Dimon was one of three CEOs, along with Lloyd Blankfein and Vikram Pandit – according to the Associated Press, he had free access to former Treasury Secretary Timothy Geithner. [47] [48] However, Dimon often publicly disagreed with some of Obama’s policies. [49]

May 15, 2012 episode of ABC View Obama responded to Whoopi Goldberg’s question regarding JPMorgan Chase’s recently announced $2 billion trading loss, defending Dimon against allegations of irresponsibility, stating that “in First, JP Morgan is one of the most managed banks in the world. Jamie Dimon, the head of this bank, is one of the smartest bankers. we have “but added,” this will be investigated”.0285 [50]

In December 2016, Dimon took part in a business forum convened by the President-elect. Donald Trump to provide strategic and policy advice on economic issues. [51]

London whale

authorities as losses rose dangerously to $6. 2 billion due to a “monstrous” bet on derivatives made by the so-called “London Whale”. Bruno Ixil. According to Carl Levin, chairman of that commission, JP Morgan conducted “a trade that increased risk, ignored limits on risk-taking, concealed losses, evaded oversight, and misinformed the public.” Dimon dismissed press reports of possible losses in Ixil’s book as “a storm in a teapot” on April 13, 2012, when he learned that Ixil had already lost $1 billion, prompting Levin to say, “None of the statements made on April 13 to the public, investors, analysts were true,” and “The bank also failed to disclose that day that there were huge positions in the portfolio that were difficult to exit, that they were massively violating key risk limits.” [53] [54]

Dimon corrected this incorrect information a month later in May 2012, before the true damage was discovered, after the US Securities and Exchange Financial Observer began analyzing the losses. [55]

Personal life

In 1983, Dimon married Judith Kent, whom he met at Harvard Business School. They have three daughters: Julia, Laura and Kara Lee. [56] Julia and Kara attended Duke University and Laura attended Barnard College alumnus and freelance journalist formerly of New York Daily News . [57] [58] [59]

In 2014, Dimon was diagnosed with throat cancer. [60] He received eight weeks of radiation and chemotherapy, ending in September 2014. [61] In March 2020, at the age of 63, Dimon underwent “emergency heart surgery.” The reason for the operation was to repair an acute aortic dissection, a tear in the inner layer of the aorta, an artery that is the largest blood vessel in the body. [62] JP Morgan says Dimon is recovering well from surgery, [63] [64] with Gordon Smith and Daniel Pinto managing the bank until his return. [65]

Awards and Honors

  • 1994, Browning High School Sports Hall of Fame [66]
  • 2006, Gold Plate American Academy of Achievement represented by Richard M. Daley, Mayor of Chicago 90 92 80 28 ]
  • 2010 International Executive Club of the Year Chicago 9 “Jamie Dimon and Luis Carlos Sarmiento Angulo honored at the 36th Annual American Society Spring Party.” American society. Archived from the original on 2020-10-27. Retrieved 2020-09-30.

    • external link

    • C-SPAN Appearances
    • JPMorgan Chase profile
    • Jamie Dimon on IMDb
    • Spiro NYC (June 2 ). “Wunderkind Smith Barney. Can Jamie Dimon turn Smith Barney into a Wall Street dynamo?
      2007 – present

      Former British Prime Minister Tony Blair is preparing to become a businessman

      Business

      Former British Prime Minister Tony Blair is preparing to become a businessman. He will work as a consultant in the largest US investment bank JPMorgan and will take several more similar positions in other companies. Retired top officials are a valuable acquisition for business.

      Tony Blair, who left big politics a year ago, handing over the powers of the head of the British government to Gordon Brown, will soon devote himself to business. The former prime minister will work part-time at the US investment bank JPMorgan as a senior adviser, writes the British Financial Times (FT). His duties will include advising on tactical and political issues, as well as participating in negotiations with the bank’s most important clients.

      In addition, the ex-official intends to accept several more similar offers from other companies in various sectors, he said in an interview with the FT. “I have always been interested in international trade and globalization. Nowadays, politics and economics are very much intertwined in various parts of the world, including emerging markets,” notes Tony Blair.

      Employers are also happy to receive such an employee. According to JPMorgan chief executive Jamie Dimon, Mr. Blair is a very valuable acquisition for the company. “There are only a few people in the world who have the knowledge and connections like him,” Dimon believes.

      The amount of Blair’s earnings at the new job was not disclosed. However, 90,003 90,002 New York recruiters estimate that a man of Tony Blair’s stature as an advisor could make more than $1 million a year.

      The departure of high-ranking officials to business has already become a tradition. Blair’s predecessor as prime minister, John Major, is an advisor to the world’s second-largest private equity firm, the Carlyle Group. Former US President George Bush Sr. also works there as a consultant. Tony Blair’s chief of staff, Jonathan Powell, has already agreed to advise another major investment bank, Morgan Stanley. The former head of the Federal Reserve System, Alan Greenspan, is also involved in the investment business. Greenspan is now a senior adviser to the corporate and investment arm of Deutsche Bank.

      Former German chancellor Gerhard Schröder became international policy adviser to the head of the Swiss publishing company Ringier in early 2006. Schroeder is also the chairman of the shareholders’ committee of the North European Gas Pipeline Company – Nord Stream.

      In Russia, only officials of a lower rank have gone into business so far.

      Among those who have recently left their government post are Oleg Vyugin, former head of the Federal Financial Markets Service, now heading the board of directors of MDM Bank, German Gref, ex-Minister of Economic Development and Trade, who became the head of Sberbank, and his former deputy Andrey Sharonov , who took the position of Managing Director of the Troika Dialog group of companies.

      There are many more officials of the pre-Putin era in business. So, Pyotr Aven, former minister of foreign economic relations in the Gaidar government, after his resignation became president of Alfa-Bank. Vladimir Potanin, owner of the Interros holding, once served as First Deputy Prime Minister of the government. Ex-Finance Minister Alexander Livshits currently holds the position of Director for International and Special Projects at Russian Aluminum. Another financier, former deputy chairman of the Central Bank Sergei Aleksashenko, is now the CEO of Merrill Lynch Securities.

      But most of the former statesmen are concentrated in the energy holding RAO UES. The company’s chairman Anatoly Chubais previously headed the State Property Committee, was vice-premier, and also head of the presidential administration of Russia. Also, the former head of the presidential administration, Alexander Voloshin, after leaving this post, retained the position of chairman of the board of directors of RAO UES. Former Minister of Finance and Chairman of the Central Bank of Russia Sergei Dubinin became the financial director of RAO UES, and former Minister of Economy Yakov Urinson received the position of Deputy Chairman of the Management Board of the energy holding.

      The transition from civil service to business for high-ranking officials is a completely logical step.

      Companies are extremely interested in such personnel. “Firstly, an official can bring to a private company a global vision of the situation in a particular sector; secondly, he has the necessary connections and contacts; third; an official is an excellent manager”,

      , says Anna Koff, senior partner at the headhunting company Rosexpert. At the same time, the new position gives former civil servants the opportunity to receive much more earnings. “And in some cases, the opportunity to legalize it,” adds Mikhail Vinogradov, director general of the Center for Current Politics in Russia. According to Koff, the salary of ex-civil servants at the level of a minister or his deputy in commercial structures is increased by 6-10 times.

      In addition, high-level officials simply have nowhere else to go. “For example, Blair could go to work in the structure of the European Union, but it is extremely bureaucratic,” Vinogradov notes. The employment of US Vice President Al Gore, who after his resignation headed a public organization to combat global warming, can also be considered not very successful. “This activity is perceived by the public as ironic, because there is more self-advertising in it,” the director of the Center for Political Conjuncture believes.

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