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By reversing his position as non-outsiders as CEO, there is talk of who could replace Tim Sloan, the CEO just left.
Here are five candidates among the most likely to be addressed, according to Bloomberg.
• Gordon Smith, 60, who runs
consumer banking, is a viable competitor, notes Bloomberg. He is co-chair and leads the biggest revenue contributor of the rival bank. He is also seen as a possible successor to Jamie Dimon.
• Marianne Lake, Chief Financial Officer of JPMorgan, is also on the list of opportunities. She is more than ten years younger than Smith and is also considered in the race to eventually succeed Dimon. She has not led any major business for the bank, but is well known to investors and analysts for her financial prowess.
• Dean Athanasia, head of the Consumer and Small Business division of Bank of America Corp., is another option. He leads the bank branch expansion initiative and is successful in reducing costs and increasing lending. He was previously a wealth management executive, which could well be a dent for Wells Fargo, Bloomberg said.
• Potential candidate # 4 is June Fraser, Citigroup Inc.'s Latin America Manager. She is very familiar with US retail banking and has a propensity to upset things, says Bloomberg. Prior to assuming her current role in 2015, she led Citi's consumer operations in the United States. It has successfully sold its operations in South America to streamline operations and increase profits.
•No. Mattergames is the former leader of JPMorgan and unique candidate for first place in November.
who is now president of private equity firm Cerberus Capital Management. He helped clean up the mess after the JPMorgan debacle at London Whale, a talent that could be useful given Wells' regulatory difficulties, Bloomberg said.
–Cheryl Winokur Munk