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JPMorgan CFO Said to Weigh Return to Investment Bank

Douglas Braunstein may step down from finance position in coming months.

By Dawn Kopecki, Bloomberg | Updated on October 11, 2012

JPMorgan Chase & Co. Chief Financial Officer Douglas Braunstein is considering leaving his position and may seek a role in the firm’s investment bank, where he previously led deal making, according to a person with direct knowledge of the matter.

Braunstein, who was promoted to CFO in June 2010, is likely to remain in that role for at least several months, said the person, who requested anonymity because a decision on the move isn’t final. The finance chief had reported to Chief Executive Officer Jamie Dimon until July, when Matt Zames, 41, became his boss and co-chief operating officer amid management changes in the wake of a $5.8 billion trading loss.

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