The plan for Jamie Dimon's exit from his position atop JPMorgan Chase & Co. (JPM) just got a bit clearer.
Dimon, 61, said that he would stay on as Chairman and CEO for "approximately five more years" while the company also announced the promotion of two of its executives.
The investment bank named CEO of Corporate & Investment Bank and CEO of Europe Middle East & Africa Daniel E. Pinto, 54, and Chief Executive Officer of Consumer & Community Banking Gordon Smith, 59, as co-presidents and co-Chief Operating Officers of the company.
Here are three things to know about the two men who could be in the running to replace Dimon atop the Action Alerts Plus holding when the time comes in five years.
Pinto Ran a Unit That Generated 40% of the Bank's Profits in 2016
Daniel Pinto was head of the company's corporate and investment bank, which generated nearly $27 billion in revenue and $7.4 billion in profit during the first nine months of 2016, accounting for about 40% of the bank's profits over that period.
Smith Has an Extensive Background in Credit Cards
Gordon Smith spent more than 25 years at American Express AXP, serving as president of the company's global commercial card division on two separate occasions. Smith holds a Master's degree in International Management from The Thunderbird School of International Management at Arizona State University.
Both Men Helped Bring JPMorgan Into the 21st Century
Pinto and Smith assumed responsibility for the technology JPMorgan uses firmwide, including e-trading and mobile technologies. The two are also responsible for the investments in the bank's wholesale payments business that processes $5 trillion a day.
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