‘If you can’t beat them, hire them. That’s the strategy of JPMorgan’s Jamie Dimon.
The chief executive of America’s biggest bank by assets has started plucking talent from Silicon Valley in an effort to beef up the its digital presence in everything from apps to mobile payments.
This new crop of JPMorgan execs comes with résumés touting senior positions at tech hubs such as Google and Yahoo, or computer science degrees, rather than traditional banking credentials. And they’re climbing aboard at the sprawling consumer bank as traditional financial institutions face their stiffest competition yet from the likes of digital payment systems, including Jack Dorsey‘s Square and Google Wallet.’
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