Why JP Morgan’s Santos wants to make bad news travel fast
Asset management CRO says sharing information early holds the key to avoiding surprises
In early October last year, Luciano Santos, JP Morgan Asset Management’s chief risk officer, convened a snap 20-minute meeting with several of the firm’s chief investment officers, two of its portfolio managers, the operations head and the firm’s chief administrative officer.
Israel had launched an incursion into Lebanon in the preceding days and Iran had retaliated with missile strikes. The
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