The news organisation also reports that JPMorgan Chase’s board of directors assigned former KPMG International Chairman Timothy Flynn to its risk committee after an internal probe blamed lax controls for a $5.8bn trading loss in London.
Flynn, who retired from the accounting firm in October and was elected to JPMorgan’s board in May, joined the risk panel in July, said Joe Evangelisti, a spokesman for New York-based lender. JPMorgan, led by Chief Executive Officer Jamie Dimon, 56, is the largest bank in the U.S. by assets.
Finally, Bloomberg also reports that Susan Ciccarone, a Managing Director in Goldman’s financial institutions group, has left the company after three years to become chief financial officer at Emerging Global Advisors LLC.
Ciccarone, 39, started this week, according to Bill Fallon, a spokesman for New York-based Emerging Global, who declined to comment on who she replaced.
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