Bank One Names Jay Mandelbaum To Head Strategy and Business Development
“Jay has an extraordinarily wide breadth of experience in strategy and management of complex financial institutions,” said Dimon. “He is one of the best people I’ve ever seen at converting strategy into execution. Jay has worked extensively with many members of our senior management team over the years, and we are delighted to welcome someone with his analytical abilities and strength of character into our company.”
“Sad as I am to be leaving Citigroup, I’m excited to have the opportunity to work with Jamie again,” said Mandelbaum. “It’s great to join a company with Bank One’s momentum and its management team, which I hold in such high regard.”
Mandelbaum joined Primerica, which eventually became Citigroup, in 1992 to head corporate development, reporting to Dimon. He went on to serve as Chief Administrative Officer of Smith Barney Shearson, and head of Sales and Marketing for Salomon Smith Barney. Before joining Primerica, Mandelbaum spent six years with McKinsey & Company. He holds an undergraduate degree from Princeton University and a master’s degree from Harvard Business School.
BANK ONE CORPORATION is the nation's sixth-largest bank holding company, with assets of more than $270 billion. Bank One serves 53 million credit card customers, 7.1 million retail households, including 488,000 small businesses, and 20,000 middle market companies. It also manages $146 billion of clients’ investment assets. Bank One can be found on the Internet at www.bankone.com.