Will Jamie Dimon ever leave ?

Jamie Washington

Ever since JPMorgan Chase elevated Matt Zames to co-chief operating officer in 2012, the former hedge fund trader was viewed as a potential heir to CEO Jamie Dimon.

Bloomberg Markets reports that the speculation ended Thursday, when Zames said he’ll leave the bank because he wants to run his own business.

With that, Zames, 46, joined the ranks of possible successors Dimon has outlasted, including Jes Staley, Bill Winters, Charles Scharf and Frank Bisignano, former top executives at JPMorgan who moved on to become CEOs at other banks and finance companies.

Dimon, who’s 61 and has held the top job since 2005, has said he’d like to stay at New York-based JPMorgan for another five years or so - and he’s joked he’ll keep saying that until the day he leaves. Dimon himself was pushed out at Citigroup two decades ago because then-CEO Sandy Weill wasn’t ready to let him take charge, Weill told the New York Times in 2010.

Hit the link below to access the complete Bloomberg Markets article:

With Zames Gone, Race to Succeed Dimon at JPMorgan Is Wide Open

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