US and Saudi Arabia near agreement on bilateral security deal

Financial Times

Jamie Dimon told investors on Monday that the search for his eventual successor was “on the way” as the longtime JPMorgan Chase chief executive indicated that he would step down within five years.

Asked at JPMorgan’s investor day on Monday, Dimon, said the topic of his replacement was a decision for the bank’s board of directors, which he chairs, but that “there are actually some really great potential CEOs here”. 

The 68-year-old indicated that the timeline for his departure as CEO was less than the five years to which he has referred in the past, saying: “The timetable, you know, it’s not five years anymore.”

The full article is available here. This article was published at FT Markets.