JPMorgan Appoints Ex-KPMG Chairman Tim Flynn to Risk Panel
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JPMorgan Chase & Co.’s board of directors assigned former KPMG International Chairman Timothy Flynn to its risk committee after an internal probe blamed lax controls for a $5.8 billion trading loss in London.
Flynn, who retired from the accounting firm in October and was elected to JPMorgan’s board in May, joined the risk panel in July, said Joe Evangelisti, a spokesman for New York-based lender. JPMorgan, led by Chief Executive Officer Jamie Dimon, 56, is the largest bank in the U.S. by assets.