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.

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.”

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.

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