JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

Key Points

JPMorgan Chase created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street firms to examine how they treat their youngest employees.
The firm named Ryland McClendon its global investment banking associate and analyst leader in a memo sent this month, CNBC learned.
The memo specially stated that McClendon would support the “well-being and success” of junior bankers.

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