Exclusive – JPMorgan CEO Dimon will remain at the bank and has no plans to join Trump administration, source says By Reuters
by Nupur Anand
NEW YORK – JPMorgan Chase (NYSE:) CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump’s leadership despite questions about whether he will take on a larger role in government after the US presidential election, a source said. Dimon, 68, has been widely considered in recent weeks as a possible candidate for Treasury secretary by both Republicans and Democrats, but said last month that his chances of taking the official position were “virtually non-existent”.
This executive, who is one of the most prominent leaders in American companies, has managed JPMorgan for almost 19 years. The board of this bank has appointed four people who will step into Dimon’s shoes if he eventually steps down.
“Our country is now wrapping up one of the most difficult and at times divisive elections in our recent history,” Dimon said in a statement Tuesday before the election results were released. “Soon the time will come for all of us to come together and support our President-elect and all our national leaders.”
While the veteran banker continued his tradition of not endorsing any presidential candidate this year, he often considered economic and financial policies, as well as national and international challenges.
Meanwhile, media reports say his wife Judy Dimon went to Michigan last weekend to campaign for Kamala Harris, Trump’s opponent in the Democratic Alliance.
Dimon had previously played down the possibility of taking office, telling analysts in October that “I probably won’t do it… but I always reserve the right” to reconsider.
