The power players behind Jamie Dimon: the most important JPMorgan execs you've never heard about
Jamie Dimon is the undisputed leader of JPMorgan. The end of this year will mark his 10th anniversary at the consumer and investment-banking powerhouse.
He leads from the front and is a dominant personality on Wall
Street. And despite a recent battle with cancer, the 59-year-old CEO recently said he has no plans to step down.
Below him, Marianne Lake, chief financial officer, has been playing a bigger role at the bank — handling earnings calls, for example.
And then there's a small army of seasoned executives who run the most crucial arms of JPMorgan's businesses: card services, mortgages, asset management, and investment banking.
We decided to profile some of these executives, who could go on to bigger roles at JPMorgan or at one of its rivals. There is a long list of JPM alumni who have made it big elsewhere.
Here, Business Insider profiles the bank's top rising stars:
Matt Zames is JPMorgan's chief operating officer
Matt Zames is chief operating officer of JPMorgan and serves on the firm's operating committee. Before rising to that role, he served as JPMorgan's chief investment officer. When Zames was promoted, CIO Jamie Dimon called him "a world-class risk manager and executive — highly regarded for his judgment and integrity."
Zames is one of JPMorgan's top-paid executives and considered a potential candidate to replace Dimon.
Gordon Smith is CEO of JPMorgan's consumer & community banking group
Gordon Smith joined JPMorgan in 2007 after a lengthy career at American Express. With about 137,000 employees, that division of JPMorgan makes up more than 50% of the bank's overall headcount. Smith also serves on the bank's operating committee.
The group Smith leads made more than $32.5 billion in revenues for the bank for the first nine months of the year, generating $7.4 billion in net income.
Daniel Pinto is chief executive of corporate and investment banking
Daniel Pinto is the CEO of JPMorgan's corporate and investment bank, which is the biggest on Wall Street. He became sole head when Mike Cavanagh, then his co-CEO in the division, departed JPMorgan to take on a role with private-equity firm the Carlyle Group.
He's held in high regard by JPMorgan CEO Jamie Dimon, who said after appointing him to his current role: "Daniel is an exceptional manager of risk who understands markets as well as anyone I’ve ever met. He is a true leader – his values, character and judgment are second to none."
He's also one of JPMorgan's best-paid bankers. The corporate and investment bank generated $26.5 billion in revenues through the first nine months of the year, which was good for $6.3 billion in net income.
Mary Callahan Erdoes oversees JPMorgan's asset management division
Mary Callahan Erdoes is a rising star at JPMorgan, and she's also rising up Forbes'Most Powerful Women in the World list. She oversees a group managing $2.4 trillion in client assets and serves on JPMorgan's operating committee. Callahan Erdoes is one of JPMorgan's top-paid executives — hauling in even more than JPMorgan CFO Marianne Lake.
The asset-management business at JPMorgan generated more than $9 billion in revenues and $1.4 billion in net income through the first nine months of the year.
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