JPMorgan’s Dimon sees ‘extremely’ qualified CEO candidates, Reuters reports

JPMorgan Chase’s Jamie Dimon said Tuesday that the bank is focused on succession planning and has many “extremely” qualified candidates who are eventually prepared to run the bank, Reuters’ Svea Herbst-Bayliss, Nupur Anand and Ross Kerber report. Dimon told pension funds and institutional investors at a conference in New York that he and his team spend a lot of time thinking about what happens after he retires and that “We all want to get that exactly right.” Dimon previously signaled his timeline for stepping down is no longer five years and could be as soon as two-and-a-half years. President Daniel Pinto “could run the bank tomorrow,” Dimon said, and JPMorgan has also identified Jennifer Piepszak and Troy Rohrbaugh who jointly lead commercial and investment banking, Marianne Lake, who runs the consumer business, and Mary Erdoes, the head of asset and wealth management, as potential successors.