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With Charlie Scharff taking on the CEO job at Wells Fargo, former JPMorgan executives now lead banks with assets totaling $4.7tn - $7.4tn if you inclue JPMorgan itself.
In the UK, Barclays is run by Jes Staley, who previously ran both JPMorgan’s asset management and investment banking divisions, and Standard Chartered is led by Bill Winters, who also did a stint leading the JPMorgan investment bank. In the US, in addition to Wells, PNC Financial, the eighth-largest bank in the country, is run by Bill Demchak, who ran JPMorgan’s structured finance and credit businesses. Mr Scharf’s JPMorgan career culminated with his leadership of the retail banking division from 2004 to 2012, before he become chief executive of Visa and then BNY Mellon.
https://www.ft.com/content/a26c9b72-e175-11e9-b112-9624ec9edc59
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