JP Morgan Chase Vice Chairman Steve Black will leave the firm early next year, chief executive James Dimon said in an internal memoradum.
Black, 58, was co-CEO of the firm's investment bank division for five years, from 2004 to 2009, steering it through the financial crisis and playing a major role in the acquisition of Bear Stearns. He was named vice chairman last year when Jes Stanley was made sole CEO of the investment bank.
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