JPMorgan chief Dimon likely to consider a role in Harris administration

JPMorgan Chase CEO Jamie Dimon would consider a government role, perhaps that of the Treasury Secretary, if Democratic Vice President Kamala Harris wins the US presidential election, the New York Times reported on Tuesday.
 

Dimon is not making his stance known publicly for fear of retribution should Donald Trump, the Republican presidential candidate, win, according to the report.
 

The CEO of the largest US bank has long been floated for senior positions on US economic policy.
 

But at JPMorgan's post-earnings call earlier this month, Dimon said the chance of him being asked to take up a government role was "almost nil."
 

 

"And I probably am not going to do it. But I always reserve the right" to reconsider, he said.
 

Dimon's thinking has not changed since then, a source close to him told Reuters.
 

However, down the road if there is a position where he can have significant impact in the role then he may consider it, irrespective of the political party, the source added.
 

The source declined to be named because of the sensitivity of the information.
 

Dimon took the reins at JPMorgan in 2006. He has emphasized that he and the rest of the board will "do the right thing" on succession when he eventually leaves, without specifying details.
 

He has been outspoken on economic and policy matters and has often celebrated American exceptionalism, including in his widely read annual letter in April.
 

"I've always been an American patriot and my country is more important to me than my company," he told analysts on a call this month.
 

The bank declined to comment on the report. Spokespeople for the Harris and Trump campaigns did not immediately respond to Reuters' requests for comment.

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