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JPMorgan executives emphasize employee health, well-being after BofA banker death
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JPMorgan executives emphasize employee health, well-being after BofA banker death
May 20, 2024 10:42 AM

NEW YORK (Reuters) -JPMorgan Chase's ( JPM ) 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 ( JPM ), 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 ( JPM ) 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.

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