Co-CEO of JPMorgan Chase & Co. (NYSE:JPM)’s corporate and investment bank Michael Cavanagh will leave to become co-chief operating officer of The Carlyle Group LP (NASDAQ:CG). Daniel Pinto will now become sole chief executive of the JPMorgan’s corporate and investment bank effective immediately. Internal review of London Whale episode JPMorgan Chase & Co. (NYSE:JPM) suffered a loss due to big derivative wagers in the chief investment office of the bank in London. The incident also gave JPMorgan a tainted reputation for being a bank with poor risk handling capability. After the incident, JPMorgan faced various investigations and probes. Last year, JPMorgan…
JPMorgan’s Michael Cavanagh To Join Carlyle Group
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports