James Dimon, known as Jamie, is an American billionaire businessman and financial executive. He became chief executive officer (CEO) of JPMorgan Chase & Co. (JPM) in 2006 and chairman of the firm in 2007. Under Dimon’s leadership, JPMorgan Chase has become the largest U.S. bank by market capitalization.

Dimon served as a member of the Board of the 澳洲幸运5官方开奖结果体彩网:Federal Reserve Bank of New York and is known for his key roles in building up Citigroup Inc. (C) and Bank One, acquired by JPMorgan Chase in 2004.

Early Life and Education

Jamie Dimon was born in New York City in 1956 to a family of finance and banking professionals. He has cited his grandfather, a Greek immigrant who was a 澳洲幸运5官方开奖结果体彩网:stockbroker at Shearson, Hammill & Co., as a key influence in his early life.

Dimon attended the prestigious Browning School in New York City and Tufts University outside of Boston, eventually majoring in economics and psychology. He famously became a protégé of legendary finance executive Sandy Weill when Dimon wrote a thesis about the older financier.

After briefly working at Boston Consulting Group, Dimon matriculated at Harvard Business School. He pursued and obtained a 澳洲幸运5官方开奖结果体彩网:Master of Busi♉ness Administration (MBA) degree, was in the same class as 澳洲幸运5官方开奖结果体彩网:hedge fund managers Seth Klarman and Steven Mandel, and graduated in the top 5% of his class as a Baker Scholar.

Notable Accomplishments

After graduating from Harvard, Dimon took a position at American Express Co. (AXP) with American banker Sanford Weill, his mentor. He left American Express with Weill and became 澳洲幸运5官方开奖结果体彩网:chief financial officer (CFO) and, later, president of Commercial Credit. Under Dimon's leadership, Commercial Credit acquired Primerica Corp. ♉in 1987 and The Travelers꧃ Corp. in 1993.

Dimon served as president and 澳洲幸运5官方开奖结果体彩网:chief operating officer (COO) of Travelers in the 1990s while acting as COO of Smith Barney Inc., Travelers’ subsidiary. He later became co-chairman and co-CEO when Smith Barney and Salomon Brothers combined. In 1998, Travelers Group merged with major finance firm Citicorp. and formed Citigroup, with Dimon as the president. Weill fired Dimon from Citigroup in 1998.

In 2000, Dimon became chairman and CEO of Bank One. Within four years, the company’s stock climbed by 59%. JPMorgan Chase purchased Bank One in 2004, and Dimon became president and COO. Three years later, he was chairman and CEO of JPMorgan Chase. Dimon led JPMorgan Chase during the 澳洲幸运5官方开奖结果体彩网:2007–2008 financial crisis. He managed the crisis, having already sold $12 billion in 澳洲幸运5官方开奖结果体彩网:subprime mortgages in 2006. JPMorgan bought the struggling Bear Stearns—once valued at nearly $12 billion—for just $260 million, and WaMu for $1.9 billion.

The Bottom Line

Jamie Dimon is the chairman and CEO of JPMorgan Chase & Co. He has held roles at Citigroup, Bank One, and Travelers. Dimon is regarded as a successful manager who navigated the 2008 financial crisis.