Jamie Dimon yesterday re-shuffled JPMorgan Chase's top management, naming a dealmaker as finance chief and moving a close ally to lead the bank's international expansion, in moves that will shape the race to succeed him as chief executive.
The changes could prepare the ground for acquisitions in Europe or Asia, the probable sources of JPMorgan's future growth, and underline Mr Dimon's confidence that the bank has weathered the financial crisis and its fallout.
Under the new line-up, Doug Braunstein, the head of investment banking for the Americas, will become chief financial officer, replacing Michael Cavanagh, who will lead JPMorgan's treasury and securities services business.
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