JPMorgan Appoints Ryland McClendon to Oversee Junior Bankers' Well-being

The new role aims to address overwork and burnout concerns following recent deaths in the industry.

JPMorgan has created a new global role to manage the well-being and success of its junior bankers and analysts.
Ryland McClendon, a 14-year JPMorgan veteran and former head of talent and career development, has been appointed to the position.
The initiative follows the deaths of two Bank of America employees this year, which highlighted the issue of excessive work hours.
JPMorgan has capped junior bankers' working hours at 80 per week and plans to enforce this with stricter monitoring and accountability.
CEO Jamie Dimon emphasized the need for senior bankers to distribute work more efficiently and warned of consequences for those who violate the new policies.