Steve Black, who co-ran JP Morgan's investment bank for five years and played a key role in the bank's acquisition of Bear Stearns at the height of the financial crisis said he plans to leave the company early next year.

A longtime ally of chief executive Jamie Dimon, Black was named vice chairman of the bank in February after a management shuffle last year moved Jes Staley into the top job at the investment bank. Staley had previously run JP Morgan's asset management division.

Black does not have any definite plans but may consider jobs in private equity or hedge funds

The Wall Street Journal

JP Morgan

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Vice-chairman will leave JP Morgan

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