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JPMorgan executives emphasize employee health, well-being after BofA banker death

FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York
June 05, 2024

By Nupur Anand and Lananh Nguyen

NEW YORK (Reuters) -JPMorgan Chase's top executives emphasized on Monday the importance of employee health in response to a question about the effect of high-pressure working conditions on young associates.

A junior banker at Bank of America, Leo Lukenas III, died from a blood clot earlier this month.

"There is nothing, nothing that is more important than the health and well-being of our employees, and we're aware of those stories and they are tragic and incredibly sad," Jennifer Piepszak, co-CEO of the commercial and investment bank at JPMorgan, told investors.

"We have to be out in the field, and every one of us are, so that we have a sense of where the pressure might be mounting, and we need to give people the resources to be able to cope."

JPMorgan executives met with the head of human resources in the wake of the incident, CEO Jamie Dimon said.

The lender is focused on initiatives to help employees manage their work-life balance, said Troy Rohrbaugh, who serves as co-CEO alongside Piepszak.

(Reporting by Lananh Nguyen and Nupur Anand in New York; Editing by Richard Chang)

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