JPMorgan Chase Sees More Turnover As CIO Departs

In an announcement that surprised many observers in the financial industry, JPMorgan Chase CIO Guy Chiarello – who played a hand in some of the bank’s major acquisitions during the financial crisis – has announced that he is leaving the company after five-and-a-half years of service, The Wall Street Journal reports.

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    The memo was obtained by the news source after it was sent to the former CIO’s friends and colleagues. In it, Chiarello indicated he was leaving for “new opportunities.”

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    Chiarello’s successor will inherit an $8 billion annual budget and a team of more than 20,000 employees, according to Finextra.

    Read the full report from this media outlet here.