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 ago 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 ago
September 25, 2019 /Sports News – National Report: Seahawks sending Nick Vannett to Steelers FacebookTwitterLinkedInEmailPhil Ellsworth / ESPN Images(SEATTLE) — The Seattle Seahawks are reportedly sending tight end Nick Vannett to the Pittsburgh Steelers.In exchange for the 26-year-old, the Seahawks will get a fifth-round pick for the 2020 NFL Draft from the Steelers, ESPN reports, citing a league source.While neither team has officially announced the trade, Vannett took to Twitter to thank Seattle and say he’s “thrilled about the new opportunity and excited to be apart of Steeler Nation.” Written by Beau Lund Thank you Seattle! You welcomed in a kid from Ohio with open arms and showed nothing but the best support from day 1. It’s been an honor to wear the blue and green the last few years. No feelings but love and gratitude for the Seahawk organization and the city of Seattle! pic.twitter.com/VCyEt554mh— Nick Vannett (@N_Vannett81) September 25, 2019With that being said, I’m thrilled about the new opportunity and excited to be apart of Steeler Nation !! #HereWeGo— Nick Vannett (@N_Vannett81) September 25, 2019Vannett was drafted by the Seahawks in the third round of the 2016 NFL Draft. So far in his career, he’s played in 42 games, made 48 receptions for a total of 463 yards and has four touchdowns.Copyright © 2019, ABC Radio. All rights reserved.