JP Morgan Chase’s Dublon retires

Dina Dublon, chief financial officer at JP Morgan Chase, will leave the bank she has worked at for 23 years. She will be replaced by former Bank One executive, Michael Cavanagh, who is a close associate of Jamie Dimon, the combined group’s chief operating officer and heir to Bill Harrison’s chief executive role.

Dublon joined Chemical Bank’s capital markets division as a management trainee. She subsequently held senior management roles including head of asset and liability management, and was named head of treasury in 1994. She says she will take some time off to consider her next career move.

As part of the senior executive shakeout, the bank’s head of investment banking David Coulter will also take on a new position as chairman for the west coast. His former reports, including Bill Winters, who has risen through the fixed income derivatives business to co-head investment banking, will now deal directly with Harrison and Dimon.

Meanwhile, Linda Bammann, a former Bank One executive and deputy head of risk management at the merged bank, will leave for unspecified reasons. Lesley Daniels Webster maintains her role as head of risk management.