JPMorgan (JPM) is creating a new global role to oversee all junior bankers in an effort to better manage their workload after the death of a Bank of America (BAC) associate in May forced Wall Street firms to examine how they treat their youngest employees, CNBC’s Hugh Son reports. Ryland McClendon has been named JPMorgan’s global investment banking associate and analyst leader, according to a memo sent this month, CNBC says. McClendon will support the “well-being and success” of junior bankers, according to the memo.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JPM:
- JPMorgan Seizes Opportunity to Control Apple Card
- The F.D.I.C. says banks need to keep record of fintech customers, NY Times says
- JPMorgan (NYSE:JPM) Warns Investors to Expect Lower Stock Market Returns
- FDIC prposes bank rules for accounting of fintechs customer data after Synapse
- JPMorgan in talks to take over Apple credit card from Goldman, WSJ reports