Ex GE Capital chairman, CEO to join JP Morgan board on end-of-year retirement


Michael Neal GE CapitalFormer GE Capital chairman and CEO Michael Neal is set to join global financial services firm JP Morgan Chase as a director.

Linda Bammann, who served as deputy head of risk management at JP Morgan before her retirement, is expected to take up a director position on September 16, while Neal will join the firm in January next year.

Neal is currently vice president of General Electric Company, and served as chairman and CEO until June this year.

He intends to retire from GE at the end of the year following 34-years at the firm, JP Morgan said.

JP Morgan chairman and CEO Jamie Dimon said, “Linda and Mike are proven leaders and will bring outstanding risk, finance and management experience to our board and to our firm.”

Last month Washington-headquartered buyout major Carlyle hired former GE executive Matthew O’Connor as managing director of its power investing team.

O’Connor will join managing director Bob Mancini as co-head of the team, which is investing a managed account acquired in the deal to buy Cogentrix Energy from Goldman Sachs last year.

Carlyle’s new executive previously worked at GE, where he held positions including almost seven years in leadership roles with GE Energy Financial Services.

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