JPMorgan’s Scher, Longtime Dimon Deputy in Washington, to Retire

JPMorgan Chase & Co.’s Peter Scher, the longtime executive who helped Chief Executive Officer Jamie Dimon build the biggest US bank into a public-policy force in Washington and beyond, will retire next year.

He will step back from his role as vice chairman in the spring and serve as a senior adviser to Dimon and other top leaders until the end of 2026. In an internal announcement Tuesday, Dimon credited Scher, 64, with helping “us navigate some of the most complex business, economic and geopolitical events of our time.”

Peter Scher

Source: JPMorgan Chase

Scher, who joined JPMorgan in 2008, spent more ...