New chairman for JPMorgan Chase
(10 December 2009 – USA) JPMorgan Chase International has announced the appointment of Dr. Jacob Frenkel as the firm’s new chairman.
Dr Frenkel is currently the chairman of the G30, the private, non for profit consultative group on international economic and monetary affairs and will also become a member of the JPMorgan Chase Executive Committee and the international council.
As well as playing leadership roles in a number of other international organisations, Dr Frenkel also served two terms as the governor of the Bank of Israel.
In this new role, Dr. Frenkel will serve the firm on a number of important fronts. He will work with senior management of JPMorgan Chase to help craft its international strategy and advise on key macro trends and issues in the global economy.
Partnering with other leaders at the firm, he will liaise with global regulatory and monetary authorities, including the Federal Reserve, the ECB, other central banks, as well as supra-national financial institutions.
Dr Frenkel will also represent JPMorgan Chase at the Group of Thirty (G30), the International Monetary Fund (IMF), Institute of International Finance (IIF), and other organizations.
In addition, he will also be a senior client executive with international clients, including central banks, large financial institutions, and sovereign wealth funds, and will serve JPMorgan Chase on select international advisory boards.
Few people have as much global experience in the financial industry, government and academia as Dr Fenkel, said Jes Staley, CEO of the Investment Bank.
Mr Staley also said that the bank is confident his views and expertise will add great value to the company, and are pleased to have him join the bank’s team.
As well as playing leadership roles in a number of other international organisations, Dr Frenkel also served two terms as the governor of the Bank of Israel.
In this new role, Dr. Frenkel will serve the firm on a number of important fronts. He will work with senior management of JPMorgan Chase to help craft its international strategy and advise on key macro trends and issues in the global economy.
Partnering with other leaders at the firm, he will liaise with global regulatory and monetary authorities, including the Federal Reserve, the ECB, other central banks, as well as supra-national financial institutions.
Dr Frenkel will also represent JPMorgan Chase at the Group of Thirty (G30), the International Monetary Fund (IMF), Institute of International Finance (IIF), and other organizations.
In addition, he will also be a senior client executive with international clients, including central banks, large financial institutions, and sovereign wealth funds, and will serve JPMorgan Chase on select international advisory boards.
Few people have as much global experience in the financial industry, government and academia as Dr Fenkel, said Jes Staley, CEO of the Investment Bank.
Mr Staley also said that the bank is confident his views and expertise will add great value to the company, and are pleased to have him join the bank’s team.
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