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\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The 1inch Card will be offered in the form of a physical and virtual card. The card carries similar benefits as the standard debit card.\u00a0<\/p>\n\n\n\n

Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cEach card will have a number, validity date, and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made.\u201d<\/em><\/p>\n\n\n\n

The 1inch Card will be offered in the form of a physical and virtual card. The card carries similar benefits as the standard debit card.\u00a0<\/p>\n\n\n\n

Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Decentralized finance firm 1inch Network has unveiled<\/a> a Web 3.0 debit card developed in partnership with Mastercard and Baanx. Card users will be able to make purchases, use crypto online, and withdraw cash at supported ATMs through crypto-to-fiat conversions. 1inch added:<\/p>\n\n\n\n

\u201cEach card will have a number, validity date, and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made.\u201d<\/em><\/p>\n\n\n\n

The 1inch Card will be offered in the form of a physical and virtual card. The card carries similar benefits as the standard debit card.\u00a0<\/p>\n\n\n\n

Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

\u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

Operating Committee Members<\/h2>\n\n\n\n

The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 4 5 6 7 8 … 14

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • The move comes when Mastercard is eyeing Web 3.0 breakthroughs through partnerships.<\/li>\n<\/ul>\n\n\n\n

    Decentralized finance firm 1inch Network has unveiled<\/a> a Web 3.0 debit card developed in partnership with Mastercard and Baanx. Card users will be able to make purchases, use crypto online, and withdraw cash at supported ATMs through crypto-to-fiat conversions. 1inch added:<\/p>\n\n\n\n

    \u201cEach card will have a number, validity date, and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made.\u201d<\/em><\/p>\n\n\n\n

    The 1inch Card will be offered in the form of a physical and virtual card. The card carries similar benefits as the standard debit card.\u00a0<\/p>\n\n\n\n

    Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

    Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

    The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

    According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

    \u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

    Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

    In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

    Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

    The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

    Operating Committee Members<\/h2>\n\n\n\n

    The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

    Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

    Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

    According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

    In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

    As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    \n
  • The card will enable users to conduct transactions and withdraw cash at supported ATMs.<\/li>\n\n\n\n
  • The move comes when Mastercard is eyeing Web 3.0 breakthroughs through partnerships.<\/li>\n<\/ul>\n\n\n\n

    Decentralized finance firm 1inch Network has unveiled<\/a> a Web 3.0 debit card developed in partnership with Mastercard and Baanx. Card users will be able to make purchases, use crypto online, and withdraw cash at supported ATMs through crypto-to-fiat conversions. 1inch added:<\/p>\n\n\n\n

    \u201cEach card will have a number, validity date, and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made.\u201d<\/em><\/p>\n\n\n\n

    The 1inch Card will be offered in the form of a physical and virtual card. The card carries similar benefits as the standard debit card.\u00a0<\/p>\n\n\n\n

    Baanx chief commercial officer Simon Jones says the firm\u2019s goal is to empower users to make their own decisions on what they do with their digital assets. \u201cIn other words, users can make their own decisions about how they want to spend, lend, trade or whatever they want to do with their digital assets,\u201d Jones adds.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Bybit Teams Up with Mastercard to Launch Revolutionary Crypto Debit Card<\/a><\/p>\n\n\n\n

    Increased Interest in Digital Asset Cards<\/h2>\n\n\n\n

    The announcement comes when traditional payment giant Mastercard increasingly makes forays into payment cards using digital assets. Last month, Mastercard was reported<\/a> to be working with crypto wallet provider MetaMask for a blockchain-powered card.<\/p>\n\n\n\n

    According to Mastercard's senior vice president for Crypto and Fintech Enablement, Christian Rau, the new card will bridge the worlds of Web 3.0 and Web 2.0. 1inch co-founder Sergej Kunz said says:<\/p>\n\n\n\n

    \u201cBut we wanted to also onboard the man on the street who is holding crypto. So we decided to go with the 1inch card because it offers us an additional entry point for new people.<\/em><\/p>\n\n\n\n

    Visa<\/a>, Mastercard's rival, is also working with Solana blockchain and stablecoin USDC for digital asset-enabled cross-border payments.<\/p>\n","post_title":"1inch Teams Up With Mastercard And Baanx For A Web 3.0 Debit Card","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"1inch-teams-up-with-mastercard-and-baanx-for-a-web-3-0-debit-card","to_ping":"","pinged":"","post_modified":"2024-04-13 23:14:12","post_modified_gmt":"2024-04-13 13:14:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16288","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16284,"post_author":"18","post_date":"2024-04-13 22:38:47","post_date_gmt":"2024-04-13 12:38:47","post_content":"\n

    In the dynamic world of finance, leadership transitions are a critical aspect of a company\u2019s strategic planning. This is particularly true for JPMorgan Chase, the largest U.S. bank, where an orderly CEO transition has become a top priority. This focus on succession planning comes 18 years after Jamie Dimon, a stalwart of the financial industry, took the helm.<\/p>\n\n\n\n

    Succession planning is not unique to JPMorgan Chase<\/a>. It\u2019s a hot topic across Wall Street. For instance, Morgan Stanley recently saw Ted Pick taking over as CEO from James Gorman, who had a 14-year tenure. Similarly, Peter Orszag assumed leadership at Lazard in October. Other banks have also been rotating executives across divisions to provide them with a well-rounded experience.<\/p>\n\n\n\n

    The dialogue around succession at JPMorgan Chase has been gradually intensifying since Dimon\u2019s emergency surgery in March 2020. However, as Chris Marinac, director of research at financial adviser Janney Montgomery Scott, points out, this doesn\u2019t necessarily mean that Dimon will be stepping down immediately.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> In A Strategic Financial Shakeup, Citigroup Appoints JPMorgan's Raghavan As Head of Banking<\/a><\/p>\n\n\n\n

    Operating Committee Members<\/h2>\n\n\n\n

    The board at JPMorgan Chase is investing significant time in developing operating committee members who are well-known to shareholders as strong potential CEO candidates. These include Jennifer Piepszak and Troy Rohrbaugh, the recently appointed co-CEOs of JPMorgan\u2019s expanded commercial and investment bank, consumer and community banking CEO Marianne Lake, and asset and wealth management CEO Mary Erdoes.<\/p>\n\n\n\n

    Meanwhile, Daniel Pinto, the President, and Chief Operating Officer, is seen as the executive who could step in for the CEO in the near term, as he did in 2020 when Dimon had an emergency heart surgery.<\/p>\n\n\n\n

    Dimon hailed U.S. leadership and economic power in his annual letter to shareholders, invoking \u201cliberty and justice for all.\u201d Dimon, who took the reins in 2006, is among a group of financial CEOs whose names have been floated for senior economic roles in government.<\/p>\n\n\n\n

    According to a recent report by Reuters, Dimon\u2019s compensation climbed about 4.3% to $36 million in 2023. Pinto\u2019s total compensation came in at $30 million, while Erdoes was paid $27 million. Piepszak and Lake each earned $18.5 million in 2023, while Chief Financial Officer Jeremy Barnum earned $15 million.<\/p>\n\n\n\n

    In a recent announcement, the lender also shared that two directors on its board - Timothy Flynn and Michael Neal - have decided to retire when their terms expire on the eve of its 2024 annual meeting of shareholders in May.<\/p>\n\n\n\n

    As the finance world keenly watches these developments, JPMorgan\u2019s shares were marginally higher in premarket trading. The bank is set to report its first-quarter results on Friday.<\/p>\n","post_title":"The Succession Plan At JPMorgan Chase: What\u2019s Next?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-succession-plan-at-jpmorgan-chase-whats-next","to_ping":"","pinged":"","post_modified":"2024-04-13 22:38:52","post_modified_gmt":"2024-04-13 12:38:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16284","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 4 5 6 7 8 … 14

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    ADVERTISEMENT
    \n