Member access

4-Traders Homepage  >  Shares  >  Nyse  >  JPMorgan Chase & Co.    JPM   US46625H1005

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

JPMorgan Chase & Co. : J.P. Morgan Taps Sifma CEO to Head Regulatory Strategy Efforts

01/08/2013 | 01:22am US/Eastern
   By Kristin Jones 
 

J.P. Morgan Chase & Co. (JPM) has named Tim Ryan, recently the chief executive of a key trade group for U.S. financial markets, to head its regulatory strategy and policy efforts.

Mr. Ryan has served as the CEO of the Securities Industry and Financial Markets Association, or Sifma, since 2009. He is also a veteran of J.P. Morgan, where he was vice chairman of investment banking for financial institutions and governments.

He also has experience as a regulator himself. Prior to joining J.P. Morgan in 1993, Mr. Ryan directed the Office of Thrift Supervision, a banking regulatory agency in the U.S. Treasury Department.

"We are extremely pleased that Tim will be returning to J.P. Morgan Chase," said Co-Chief Operating Officer Matt Zames. "More than at any time in our history, regulatory strategy and policies around the world are affecting our business and how we serve clients. Tim has both a deep knowledge of these policies and the government representatives formulating them, and also knows our businesses and executives extremely well from his 16 years at the firm."

Mr. Ryan said he believed his experience would be helpful to the bank as U.S. and international banking regulations and housing policies continue to evolve.

J.P. Morgan, along with other banks, has campaigned against a wave of new rules sparked by the financial crisis, fearing they would hurt profits. Its efforts were hurt last year by the "London whale" incident--bad trades that resulted in about $6 billion in losses.

Shares were down eight cents in recent trading to $45.33. The stock is up 34% in the past six months.

Write to Kristin Jones at kristin.jones@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on JPMORGAN CHASE & CO.
04/18 JPMORGAN CHASE : to Take Part in the Bernstein Annual Strategic Decisions Confer..
04/17 Why banks made more money last quarter
04/17DJBrazilian Investment Firm Gávea in Talks to Buy Back Control from J.P. Morgan
04/17 BANK OF AMERICA : Lawsuit Loans Company, Direct Legal Says 12 Major Banks in USA..
04/17 SERCO : Finds Subscribers For Remaining Rights Shares (ALLISS) (UPDATE)
04/17 Insight - U.S. companies use more of their bank credit lines in sign of confi..
04/17 DAVID HENRY : U.S. companies use more of their bank credit lines in sign of conf..
04/17 GOLDMAN SACHS : Layoffs Watch ’15: JP Morgan, Goldman Sachs, Maybe
04/16 Goldman's stock trading boom turns up heat on Morgan Stanley
04/16DJCitigroup's Earnings Improve, Top Estimates -- 5th Update
Advertisement
Chart
Duration : Period :
JPMorgan Chase & Co. Technical Analysis Chart | JPM | US46625H1005 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF