JPMorgan's junior bankers just gained an ally in their fight against overwork. Here's what we know about the longtime exec tapped to advocate for them. [Business Insider]
JP Morgan Chase & Co. (JPM)
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Source: Business Insider
Here's what we know about her and her new role protecting junior bankers from burnout. Last week, JPMorgan Chase announced that it would be seeking to limit junior bankers' work hours to 80 per week to tackle concerns over unhealthy working conditions. Now, the bank seems to be showing it means business by tapping an investment banker turned HR executive to enforce its new rules. In a memo obtained by CNBC, JPMorgan said it named managing director Ryland McClendon to be the investment bank's "associate and analyst leader," a role it created to oversee the "well being and success" of its junior investment bankers. The appointment comes amid growing concerns about the work life of junior investment bankers following the death of Leo Lukenas , a 35-year-old Bank of America associate who died of acute coronary artery thrombus, which is a type of blood clot. Lukenas reportedly complained leading up to his death about an exhausting work schedule, including 100-hour work weeks. Litt
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News
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JPM
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- 7/12/24 - Beat
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- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- JPM's page on the SEC website