JPMorgan seems to have become the preeminent breeding ground for C-suite executives.
Jamie Dimon has been in charge at the bank since before the financial crisis, and the CEO clearly likes his job.
That has resulted in other would-be competitors for leadership roles looking beyond the bank’s walls at other C-suite gigs.
The big breaking news after the close on Monday was that former JPMorgan exec Jes Staley is likely to take the CEO role at a competing bank, Barclays.
He joins a long list of other JPM alumni who have made it big elsewhere.
The best and brightest from JPMorgan have gone on to roles at other big banks, credit- and payment-processing companies, and client companies.
Business Insider has tracked who from JPMorgan decided to move out to move up in the ranks:
Jes Staley is reportedly joining Barclays as CEO
Staley will join Barclays as its new CEO, according to the Financial Times. He spent 30 years at JPMorgan, most recently as co-CEO of its investment bank, and defected to BlueMountain Capital Management in 2013.
JPM alum Frank Bisignano is CEO at First Data
- First Data website
Bisignano, who took over as CEO of private-equity-backed First Data in 2013, is looking at a big initial public offering this week. At JPMorgan, he was co-COO.
Bill Winters joined Standard Chartered earlier this year as CEO
- Standard Chartered
Winters spent more than a quarter-century working for JPMorgan until 2009, when he stepped down. At that point, he had risen to the rank of co-CEO of its investment bank. Earlier this year, Winters was appointed by Standard Chartered’s board as its CEO.
Michael Cavanagh at Comcast
- Reuters/ Gary Cameron
Cavanagh is a former co-CEO of JPMorgan’s giant investment bank, and he also acted as CFO at the bank for nearly six years. He quit to join the private-equity giant Carlyle in 2014 as co-president and co-COO, and he has since moved to Comcast as CFO.
Charles W. Scharf runs Visa
- REUTERS/Brendan McDermid
Scharf joined Visa to lead the company in late 2012, before the payment processor debuted on public markets in 2013. He previously served as a managing director of JPMorgan’s private-equity arm, One Equity Partners, and he was also CEO of retail financial services at the bank.
William Demchak is CEO at PNC
- REUTERS/Larry Downing
Demchak was global head of structured finance and credit portfolio for JPMorgan Chase before joining PNC at CFO in 2002. He was later named CEO in 2013 and chairman in 2014.
Henry Gosebruch moved to AbbVie earlier this year
- Thomson Reuters
JPMorgan banker Gosebruch left his role as cohead of mergers and acquisitions in North America at JPMorgan earlier this year to join the drugmaker AbbVie in a newly created role as chief strategy officer.