June 3, 2023

Jamie Dimon, whose counterpart at Morgan Stanley simply introduced he’ll depart within the subsequent 12 months, stated he’s nonetheless invigorated and has no plans to stop anytime quickly.

“I can’t do that endlessly, I do know that,” the JPMorgan Chase & Co. chief government officer stated on the agency’s Investor Day Monday. “My depth is similar. I feel after I don’t have that depth, I ought to depart.”

Dimon, 67, stated each time the board decides on his successor, that individual ought to have the braveness to confess errors, however transfer past them shortly. The CEO has for years quipped that he’s planning to remain on the greatest US financial institution for an additional 5 years, regardless of when he’s requested. 

Requested by Wells Fargo & Co. analyst Mike Mayo on Monday what number of extra years he plans to remain CEO, Dimon joked: “Three and a half.”

Morgan Stanley’s James Gorman, 64, stated on Friday that he plans to step down as CEO throughout the subsequent 12 months and assume the function of government chairman.