The bank has promoted 117 employees to MD as the financial sector gets grilled on its lack of diversity in its senior ranks
New York — JPMorgan Chase has promoted 117 employees to MD in its corporate and investment bank, a person briefed on the changes said.
About a third of the employees who earned the distinction work as investment or corporate bankers, while 20% of the new MDs are traders. Earlier this month, US law makers questioned Dimon and other bank CEOs, pressing them on whether a woman or member of a minority group might someday succeed them.
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