In January, the bank announced Dimon will stay in his role for five more years and named Daniel Pinto and Gordon Smith as co-presidents and co-chief operating officers. They are, respectively, the CEOs of J.P. Morgan’s corporate and investment bank and its consumer bank.
Dimon told the Financial Times he is giving the two co-presidents bigger roles running the company.
“There’s a little truth to that,” the 62-year-old Dimon said when asked about transferring increased day-to-day management responsibilities to the executives. “When you have Tom Bradys on the field, you let them be the quarterback and you can be the coach. … In many cases, I’m more like the coach now. That’s totally appropriate.”