Matthew Zames, the chief operating officer at JP Morgan who was seen as a potential successor to chief executive Jamie Dimon, is leaving the bank, according to people briefed on his departure.
Mr Zames rose through the ranks at JP Morgan, previously heading up fixed-income trading. He was co-chief operating officer alongside Frank Bisignano until 2013, when he assumed sole control of the role.
At the time Mr Dimon said: “I am pleased that Matt Zames is expanding his role. He is a proven business executive, who has performed exceptionally well since coming into his corporate role in May of last year. He’ll continue to have an important impact on our company.”