Jamie Dimon wanted to make the announcement Oprah-style (You get a title change! And you get a title change! And you get a title change!) but there was concern that some employees would pass out from the excitement.
Subject: New Managing Directors
Please join me in congratulating the individuals listed below on their promotion to Managing Director.
It takes leadership, teamwork and dedication to earn this recognition. We set the bar high, and they have delivered the results. We now look to them to foster a culture that emphasizes trust, integrity and honesty in doing business on behalf of our clients and our firm.
Each MD candidate is assessed against important criteria, such as financial performance, control, partnership, people development, scope of role and future potential. These individuals worked hard to become MDs and now belong to a group that comprises 6% of the Investment Bank’s employee population.
I also want to thank the members of the 2011 MD Selection Committee for their commitment to this process. Their judgment and leadership ensured that all of this year's candidates received careful consideration.
In particular, thanks to Karen Simon and Matt Zames for serving as co-chairs of this year's Committee.
Congratulations again to our new Managing Directors.
New IB Managing Directors
Peter Simon Lindsey
Pedro Ribeiro Jr.
Joe Beggans Jr.
Hemant Anil Takalkar
Seung Il Chae
Selen Unsal Jacoby
Stephen Bradley Walters
Luiz De Salvo
Charles-Everard de T'Serclaes
In addition, we would like to congratulate the new Managing Directors who were promoted through the Marketing & Communications and Human Resources selection processes.
Marketing & Communications