J.P. Morgan Chase & Co. said its general counsel, Stephen
Cutler, will step down from his current role and become vice
chairman of the firm early next year.
Stacey Friedman, general counsel of the bank's corporate and
investment bank, will replace Mr. Cutler. For the rest of this
year, she will report to him and act as his deputy. She will join
the bank's operating committee next year when her new role
begins.
Mr. Cutler will act as a "senior adviser" to J.P. Morgan
Chairman and Chief Executive James Dimon, other executives and the
board of directors, the bank said. "He will continue to assist on
complex legal issues, including key matters that are already in
progress," the bank said.
Mr. Cutler has been an executive with J.P. Morgan's legal group
since early 2007. He previously was director of enforcement of the
U.S. Securities and Exchange Commission and led investigations of
various financial-reporting matters.
Write to Emily Glazer at emily.glazer@wsj.com
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