
Known for inspiring fierce loyalty among his subordinates and having a passion for detail, Dimon must now contend with a changed financial landscape, a swelling array of competitors (even Goldman Sachs is now a “bank”) and greater government intrusion into the everyday business of finance. And though only 53, he must ensure his legacy by providing for a strong successor.
He has begun by naming Jes Staley (see No. 11), formerly chief of the bank’s asset management arm, head of Morgan’s investment bank and by grooming a generation of 40-something leaders, including newly named asset management boss Mary Erdoes and CFO Mike Cavanagh.
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