Executives across Wall Street, from J.P. Morgan CEO Jamie Dimon to Goldman Sachs head David Solomon, have said that hiring and promoting women and minorities is a priority.
J.P. Morgan Chase's Wall Street division just promoted 117 people to its highest rank of managing director, and a record number of women earned the title.
div > div.group > p:first-child"> Of this year's incoming class of managing directors, 26% were women, up from 18% last year, according to a person with knowledge of the figures. At J.P. Morgan, the world's biggest investment bank by revenue, the MD distinction is relatively rare: the bank has about 1,600 MDs, or just 3% of the 54,697 employees in its corporate and investment bank.
"Achieving the MD distinction does not come easily, but is earned through dedication to clients and colleagues, hard work and a commitment to our shared culture," Daniel Pinto, head of J.P. Morgan's corporate and investment bank, said in a statement."We expect these newest senior leaders to continue to help us drive innovation and disrupt the status quo as we build our business of tomorrow.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley beats profit estimates as wealth management and bond-trading revenue outperformMorgan Stanley reported first-quarter earnings-per-share of $1.39 today, beating Wall Street estimates.
Read more »
JP Morgan names new CFO, and Marianne Lake moves to top consumer lending role
Read more »
Morgan Stanley's Mike Wilson, among Wall Street's most bearish, unconvinced highs here to stayMorgan Stanley's Mike Wilson is sticking by his call for an earnings recession and isn't changing his price target for the S&P 500 — even though he sees the stock market hitting new highs in the next couple of weeks.
Read more »
Boeing faces Wall Street in likely ‘lost year’ of financial fallout from 737 crisis
Read more »
Major Wall Street analysts are all bulled up on Lyft, but investors don't seem to careLyft shares swung between gains and losses on Tuesday after 10 Wall Street analysts initiated coverage of the recently public ride-hailing company.
Read more »
Stocks in Asia set to gain following Wall Street record closing highStocks in Asia were set to gain at the open on Wednesday after the S&P 500 and Nasdaq Composite closed in record high territory overnight on Wall Street.
Read more »
Asian shares fall despite strong Wall Street; dollar near 22-month highEquity markets in Asia faltered on Wednesday, amid losses in South Korea and wor...
Read more »
World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Read more »
AT&T shares slide premarket as revenue falls short of estimatesAT&T Inc. shares slid 2% in premarket trade Wednesday, after the media and telecoms giant missed revenue estimates for the first quarter. The company,...
Read more »
Facebook earnings; Boeing crisis; Tesla's wild rideCNN's davebriggstv has today's top business headlines before the opening bell on Wall Street
Read more »
Wall Street dips ahead of earnings delugeU.S. stocks pulled back slightly on Monday as investors awaited a barrage of maj...
Read more »