Last week, JPMorgan Chase announced the promotion of 227 executives to managing directors, the highest rank outside the C-suite. These promotions span various divisions, particularly commercial and investment banking, which generated around $70 billion in revenue, accounting for nearly 40% of the bank's total revenue in 2024. The newly promoted MDs shared experiences about their journeys, workplace habits, and personal reflections on achieving such milestones, including pride in diversity and personal losses. CEO Jamie Dimon acknowledged the robust performance of the payments sector contributing significantly to the bank's success.
Last week, members of JPMorgan Chase's newest class of managing directors received news of their promotion from locations like Mexico City and Buenos Aires.
CEO Jamie Dimon praised the growth of the payments segment in commercial and investment banking, highlighting its double-digit fee increase and significant revenue contribution.
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