JPMorgan Chase to Undergo Leadership Changes

first_img JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday.“While I am sad to see him leave, I respect his decision and all he has done for JPMorgan Chase,” JPMorgan Chairman and CEO Jamie Dimon said in a memo.According to the New York Times, Zames is leaving to start his own business. “I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core, look: I’ll be 47 in October. I want to get back to running the railroad — running my railroad, running my business. So it’s just a natural point,” Zames said in an interview.Zames, 46, had a crucial role in guiding the bank during the financial crisis and is credited with raising suspicion over Bernie Madoff a year before his eventual arrest. Zames has long been assumed as a potential successor to Dimon, and the news of his stepping down has led to much speculation of who else may be in the running. A clue as to the frontrunners may be found in who will be taking over his duties during the transition. According to a report filed with the Securities and Exchange Commission, Zames’ responsibilities will be split between Marianne Lake, CFO; Daniel Pinto, CEO of Corporate & Investment Banking; Gordon Smith, CEO of Consumer & Community Banking, Mary Erdoes, CEO of Asset Management; and Doug Petno, CEO of the Commercial Bank, as follows:Marianne Lake: Assuming responsibility for the Chief Investment Office/Treasury, the Office of Regulatory Affairs, the Global Director of Regulatory Relations, Oversight and Controls, and Corporate FinanceDaniel Pinto and Gordon Smith: Assuming responsibility for Global Technology, the Intelligent Solutions group, and Mortgage Capital MarketsMary Erdoes and Doug Petno: Assuming responsibility of COO Global Operations unit, Global Real Estate, Global Security & Investigations, Military Affairs, Events Planning, Procurement, and other general services.In addition to these restructurings, Corporate Strategy and Private Investments will now report directly to Dimon. Home / Daily Dose / JPMorgan Chase to Undergo Leadership Changes JPMorgan Chase to Undergo Leadership Changes in Daily Dose, Featured, Headlines, News Subscribe Related Articles Jamie Dimon JPMorgan Chase Matthew Zames 2017-06-08 Staff Writer Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Jamie Dimon JPMorgan Chase Matthew Zames Demand Propels Home Prices Upward 2 days ago About Author: Staff Writer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days agocenter_img Previous: House Votes to Drastically Change CFPB Next: Choosing a Tech-Savvy Insurance Vendor Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post June 8, 2017 2,047 Views Demand Propels Home Prices Upward 2 days agolast_img read more

USS Mount Whitney Holds Shipboard Readiness Training

first_img View post tag: Shipboard Evolutions accomplished included basic and advanced damage control, steering casualties, helicopter deck landing qualifications, vertical replenishment qualifications, antiterrorism and force protection (ATFP) drills, small arms qualifications, and medical drills.“Training scenarios like these allow us to maintain our operational readiness,” said Lt. Benjamin Nehrke, Mount Whitney’s operations officer. “If we did not conduct these drills, our Sailors and CIVMARs (civil service mariners) would not have the opportunity to enhance their knowledge or proficiency, which could be detrimental to mission effectiveness in the future.”The training began March 18 with a simulated loss of steering shortly after getting underway. Military Sealift Command CIVMARs; who are responsible for engineering, navigation and steering, quickly responded to the casualty, safely navigating the ship out danger until the issue was corrected.The day finished with nearly 50 Sailors qualifying on the M9 service pistol and M16 rifle during a small arms qualification course on the flight deck.“Any time we can go to sea and conduct small arms weapons qualifications helps to increases the Sailors confidence in their watch standing abilities, and goes on to enhance our ship’s ATFP readiness,” said Chief Master-at-Arms Guy Bratt, assigned to Mount Whitney.March 19, Mount Whitney CIVMARs completed a successful anchor drop evolution on both anchors, while Sailors ran through various force protection drills.Later in the afternoon, the operations department ran another successful small arms qualification. At the completion of the gun shoot, the small-caliber action team conducted a practical application drill, giving the MK 38, .50cal and M240 machine gun operators the opportunity to hone their skills.Wrapping up Wednesday was an integrated training team drill involving the medical department and repair lockers during a mass casualty scenario.“The Sailors conducted an excellent integrated drill today,” said Interior Communications Electrician 1st Class Darrett Whitfield, a damage control training team member. “They successfully combated the fire and properly assessed the personnel casualties on scene.”Mount Whitney, homeported in Gaeta, Italy, is the flagship for Commander, U.S. 6th Fleet. The ship operates with a combined crew of U.S. Sailors and Military Sealift Command civil service mariners. The civil service mariners perform navigation, deck, engineering, laundry and galley service operations while military personnel aboard support communications, weapons systems and security.U.S. 6th Fleet, headquartered in Naples, Italy, conducts a full range of maritime security operations and theater security cooperation missions in concert with coalition, joint, interagency, and other parties in order to advance security and stability in Europe and Africa.[mappress]Press Release, March 21, 2014; Image: Wikimedia The U.S. 6th Fleet flagship USS Mount Whitney (LCC 20) arrived in her homeport of Gaeta, Italy, March 20, after a three-day underway, in which a number of drills and training scenarios were completed. View post tag: holds March 21, 2014 View post tag: USS Training & Education View post tag: Mount View post tag: Whitney View post tag: Training View post tag: Readiness View post tag: Naval Back to overview,Home naval-today USS Mount Whitney Holds Shipboard Readiness Training View post tag: Navy Share this article View post tag: News by topic USS Mount Whitney Holds Shipboard Readiness Traininglast_img read more

Jets’ Sudfeld Never Never Gives Up

first_imgFLORHAM PARK, N.J. –  The metal dogtag hangs around Zach Sudfeld’s neck nearly everywhere he goes.It dangles under his pads when he’s on the football field, and he takes it off only when he showers. It was a gift from his grandfather, and the Winston Churchill-inspired quote engraved on it epitomizes his journey from hard-luck youngster to tenacious New York Jets tight end:“Never, never, never give up.”Sudfeld could have easily walked away from football a few times. Many people told him he should have.A broken leg and dislocated ankle in his senior season at Nevada appeared to abruptly end a college career marked by setbacks and six surgeries. He had nothing more to prove, they told him, and he’d been through enough adversity.“I’m a football player,” the 24-year-old Sudfeld said, his long, reddish-brown hair pulled back neatly behind his head. “I couldn’t let it end that way.”And, he didn’t. Not even close.Sudfeld — nicknamed “Studfeld” by friends and teammates — is a 6-foot-7, 260-pound backup tight end who has played in eight games as a rookie, including two starts, with four catches while carving roles on the scout team and special teams.“The sky’s the limit for him because each day he gains more confidence,” Jets tight ends coach Steve Hagen said. “He makes like freak catches in practice.”As his blocking improves, Sudfeld’s playing time figures to increase. He gets about 10 snaps a game, but he’s used to having to prove himself.“We loved watching ‘Rudy’ growing up, but Zach’s no Rudy,” said Sudfeld’s father Ralph. “He has demonstrated he belongs here. Nothing was handed to him. Nothing. He just kept saying, ‘Nope, I’m just going to keep going.’”That perseverance was born in part from being raised in a family whose business is delivering hope.The Sudfelds are heavily involved with Assist International, a humanitarian organization started by Sudfeld’s grandparents Bob and Charlene Pagett in a spare bedroom in 1990 that has since completed over 500 projects to help the needy in 61 countries.Ralph Sudfeld is the Executive Vice President. Zach’s mother, Michelle, is the Director of Fundraising for abandoned and orphaned children. Zach’s twin brother, Matt, is the Director of Strategic Development. When each of his grandchildren turned 13, Bob Pagett let them pick a project on which they could accompany him.Zach chose a trip to Romania, where an experience at an orphanage still resonates.“You go to the streets where these kids came from and it’s just devastating,” he said. “You can’t get those images out of your head. It’s an amazing thing when you hold an orphan in your arms. You’re like, ‘Man, I have no issues.’”Sudfeld has since been to Myanmar and Thailand, and plans to go to Africa during the offseason. He’ll join the rest of the family full-time in the business someday, but after his playing days are through.Sudfeld was born 10 minutes before Matt. He spent most of his childhood and teen years in Modesto, Calif., trying to catch up to him on the football field, basketball court or pretty much anything that provided even the smallest measure of competition.“Growing up, whenever we’d get into a fight, I was just a lot tougher than him, even though he was taller,” Matt said with a laugh.They’re fraternal, and their drastic height difference — Matt is 5-foot-11 — makes it difficult to imagine they’re brothers, let alone twins.“We’re as close as you can be,” said Zach, whose younger brother Nate plays quarterback at Indiana. “But growing up, he was way more athletic.”The family has a theory on the moment Zach went from being a tall, skinny, awkward guy to one of the toughest players on the football field. It was the day during the twins’ sophomore season in high school that Zach was moved up to varsity from junior varsity to fill in for some injured tight ends.He dropped the first two balls that came his way. He rebounded, though, with three catches on a last-minute drive. Modesto Christian High School had the ball at the 3-yard line with 1 second left, and coach Mike Parsons dialed up a slant to Zach.He caught the ball and cradled it in the end zone for the winning score against rival Mariposa.“We joke about it like, ‘Man, if you dropped that ball, you’d be teaching math somewhere,’” Matt said. “From that point on, he developed more of an edge and by the time he was a senior, he was just a force.”The twins went separate ways for college, with Zach heading to Nevada and Matt going to Brown — but both continued to play football.Zach walked on to the Nevada football team that featured current 49ers quarterback Colin Kaepernick, eventually earning a scholarship. He showed promise, despite not playing a lot behind starter Virgil Green. Injuries — a shoulder, a knee and a broken wrist — provided some other bumps in the road. But, heading into his senior year, he was poised for a breakout season.On Sept. 10, 2011, the Wolf Pack opened the season at Oregon. At the start of the second quarter, with 35 family members in the stands, someone rolled into his left leg. His femur broke, and his ankle was dislocated and turned 180 degrees.“My toes were pointed to the sky and I was on my stomach,” Zach recalled. He was carted off the field, and many believed he was done with football.“Everyone was telling me that it was time to hang up the cleats,” he said. Sudfeld had other plans.He was already working on his master’s degree in business administration, so he’d continue to do that while he rehabilitated and planned his next comeback. He persuaded coach Chris Ault to keep a spot on the roster for him, and was awarded a sixth year of eligibility by the NCAA.A year after all the doubts and tears, Sudfeld was back on the football field.It’s a comeback story with a Hollywood-style script: Sudfeld started every game for Nevada as a sixth-year senior, caught 45 passes for 598 yards, set a school record for tight ends with eight TD catches, and was a semifinalist for the Mackey Award, given to the nation’s top player at his position.“You just go, ‘Listen, man, congratulations to you. You went out and willed yourself to do that,’” Ralph Sudfeld said. “That’s what makes you so proud as a parent.”There were still more “hiccups,” as Zach calls them.Sudfeld wasn’t invited to the NFL combine in Indianapolis. He also went undrafted a few months later. New England signed him as a free agent, and Sudfeld had a terrific training camp and became a fan favorite. He made the Patriots’ opening roster, but after four weeks and no catches, the Patriots waived him.Almost exactly 24 hours later, the Jets were calling.Matt compares his brother to Tom Hardy’s unbreakable character Forrest Bondurant in the 2012 crime drama Lawless.“He just can’t die,” Matt said. “He always survives. I was like, ‘Zach, that’s you, man. Injury after injury, undrafted, cut, but you keep coming back.’”Just as that cherished dogtag urges Zach every day.“It’s always there and is just a constant reminder that no matter what happens, it’s all going to work out,” he said with a smile. “You’ve just got to continue to move forward. No matter what.”(Dennis Waszak, Jr., AP Sports Writer) TweetPinShare0 Shareslast_img read more