Another rock star moves on.
The New York Post reports that it also brought into focus the continued brain drain at the country’s largest bank by assets.
Most of the JPMorgan veteran rock stars from earlier this decade are now elsewhere on Wall Street — having been cast aside or ejected amid a scandal or having left after a power struggle in the C-suite.
Michael Cavanagh, the former chief financial officer, left in 2014 for private equity firm Carlyle Group — though he has since jumped to Comcast for a similar role.
His departure last year followed the exits of Frank Bisignano, the co-chief operating officer who now heads First Data, and Jes Staley, the ex-CEO of JPMorgan’s investment bank, who is now a managing partner at the mega-hedge fund BlueMountain Capital.
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