Bloomberg News

JPMorgan’s Pinto Holds $19.6 Million of Bank’s Shares, Units

August 06, 2012

Daniel Pinto, co-head of JPMorgan Chase & Co.’s (JPM:US) newly expanded corporate and investment bank division, holds $19.6 million of restricted and unrestricted stock.

Pinto, 49, has $8.7 million of the New York-based bank’s shares directly and through a trust, as well as $10.9 million in restricted-stock units that vest in installments through 2015, according to a filing today to the U.S. Securities and Exchange Commission.

Pinto was elevated to run the division with Mike Cavanagh as part of a senior-management shakeup last month, following at least $5.8 billion in losses on a London unit’s trades. The pair replaced Jes Staley, who gave up day-to-day operational duties as head of the investment bank to become chairman of the expanded unit.

To contact the reporter on this story: Dawn Kopecki in New York at dkopecki@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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