JPMorgan appoints banker to oversee juniors’ ‘wellbeing’

• JPMorgan Chase has appointed Ryland McClendon to oversee the junior banker programme, addressing concerns about working conditions.
• McClendon will support the wellbeing and success of entry-level analysts and associates, according to an internal memo.
• The move follows the death of a junior banker at Bank of America, which highlighted the need for a healthier work environment.
• JPMorgan has capped junior bankers' working week at 80 hours, though exceptions exist for live deals.
• McClendon, with nearly 14 years at JPMorgan, previously led talent and career development.

Source: Financial Times