Jamie Dimon, CEO of JPMorgan, recently stressed at a conference in Paris that the departure of certain executives had not shaken the bank's strategy. He dismissed the idea of acquiring a European bank, as the regulatory hurdles were too high.
Dimon is relying on organic growth, adding customers, bankers, technology and branches, rather than acquisitions. It plans to expand its retail and wholesale banking services, as well as its presence in Europe and Asia. The bank is also investing in cutting-edge technology, including its "Onyx by JPMorgan" initiative, which focuses on using blockchain to potentially transfer data and, ultimately, money.
The CEO envisions a future where innovation, particularly in the area of artificial intelligence, could redefine JPMorgan's presence in the market, going so far as to consider the use of an avatar for future interactions.
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