The departure of Frank J. Bisignano adds to an exodus of top executives from JPMorgan Chase in recent years.
Mr. Bisignano, a top lieutenant of Jamie Dimon, JPMorgan’s chief executive, left to become chief executive of First Data Corporation on Monday, an exit that was described as voluntary. It was the latest departure since the bank reported a trading loss of at least $6.2 billion last year.
Lost track of all the executives who have moved on? Here are some of the most notable depatures of recent years:
Steven D. Black | After helping to broker the Bear Stearns acquisition as co-head of JPMorgan’s investment bank, Mr. Black left the bank in early 2011. In an internal memorandum in November 2010, Mr. Dimon said Mr. Black was “one of the finest and most capable executives I have ever met.†He had become a vice chairman of JPMorgan earlier that year.
Heidi Miller | As head of JPMorgan’s international efforts, Ms. Miller was once seen a possible successor to Mr. Dimon. By the time her retirement was announced in June 2011, Ms. Miller had “established herself as one of the great leaders in our industry,†Mr. Dimon said in an internal memorandum. She left the bank in early 2012.
Charles W. Scharf | A longtime protégé of Mr. Dimon, Mr. Scharf stepped down in 2011 from his role as head of JPMorgan’s retail arm, as mortgage troubles weighed on the division. He was transferred to One Equity Partners, an internal private equity division, in a move that was viewed as something of a comedown but was framed by the bank as an amicable change that Mr. Scharf had requested. Last fall, Mr. Scharf became chief executive of Visa.
Jay Mandelbaum | The departure of Mr. Mandelbaum, the former head of strategy and business development, was announced in January of 2012. He left “to focus on entrepreneurial and other interests,†Mr. Dimon said in an internal memorandum at the time.
Ina R. Drew | The former chief investment officer, Ms. Drew oversaw the office that produced the huge trading loss, and retired from the bank in May of last year. She started at Chemical Bank, a predecessor to JPMorgan Chase, in 1981, and earned about $14 million in 2011. After her departure, Ms. Drew offered to return about two years of compensation.
Barry L. Zubrow | As chief risk officer from 2007 to 2012, Mr. Zubrow has been associated with the trading loss. In January of last year, before the loss emerged, Mr. Zubrow received a new assignment as head of corporate regulatory affairs. Then, in October, he announced he would leave the bank.
James E. Staley | The former head of JPMorgan’s investment bank, Mr. Staley announced his departure in January of this year. Mr. Staley, a longtime lieutenant of Mr. Dimon, said he would join BlueMountain Capital Management, one of the hedge funds on the other side of the London Whale trade. “The idea was not to go into the same space that JPMorgan is in, but a different space,†Mr. Staley said in an interview at the time.
Frank J. Bisignano | After the departure of Mr. Bisignano as co-chief operating officer, Matthew E. Zames, who shared the role, took over all aspects of the job.
