Chase Alumni: Frankie's Angels + RIP: Jim Caruso

 
 
 
 
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NEWS & EVENTS (PAST AND FUTURE)                                            
 
Barry M. Sullivan won the "guess the 2023 closing Dow" with a prediction of 37,771.65 – a number that seemed like a crazy outlier when he made it but ended up only 82.11 points higher than the closing Dow of 37,689.54!
Our prognosticators came in with an average of 31,696.74 and median of 34,802.89. When contest submissions were due on November 15, there was a more than 7,000-point spread between the low (a dismal 30,464.80) and Sullivan's high estimate -- the only prediction over 37,000 and almost 1,670 points higher than second place winner Gene Ret's guess of 36,020.22.
     Our victor said, "My great financial analysis skills (learned at Chase and Chemical) provided me with the brilliant insight to merely take the Dow on my submission day and increase it by 10 percent. Confession: it was more hope than analytical."
    Sullivan – who points out that he is not the Barry F. Sullivan who was an EVP at Chase – joined Chase Manhattan in 1970, switching to Chemical Bank in 1975. He served in  Chemical's Nordic Department, Trade Assistance Group in Bahrain (where he was General Manager of the Bank of Bahrain and Kuwait), and Canadian offices, as president of the bank's Chemco Leasing Canada and then head of the Ontario Group for Chemical's Canadian Corporate Bank. Sullivan joined Massey Ferguson as corporate treasurer in 1985 and, after stints at other corporations, retired in 2008 as VP and Treasurer of Armstrong World Industries.
 
Gene Ret (not pictured), a privacy expert whose 30-year Chase career included privacy work, gives some practical advice on how to avoid and recover from identity theft. Gene has also added something to the article following an alumna's question. Previously, Ret wrote for us on how to reduce spam texts, emails and phone calls.
 
Click to read 's article "Jamie Dimon’s $4 Trillion Machine: He made JPMorgan Chase the biggest bank in the world. What is it, exactly?" in New York Magazine. Its editors call it "One Great Story" – and it is.
 
Henry Kissinger, who died on November 29, 2023, was a close friend of David Rockefeller and chaired Chase Manhattan's International Advisory Committee from 1977 to 1981 before becoming a "counselor" to the Bank on international relations. Here's a brief look at that relationship, with a much appreciated contribution from alumnus Bill Flanz.
 
CAA TECH CORNER WITH DAN ALVAREZ                                  
 
Column #4: Anatomy of a Modern Credit Card  Our newest (and definitely youngest) CAA board member, Dan Alvarez, has launched a monthly feature dedicated to defining emerging trends in technology, in plain English. His plan is to address these questions at a "100-level" for Luddites, brilliant (of course) but non-technologically inclined bankers and anyone else in the financial world embarrassed to ask basic questions while looking at the "big picture". 
     For his fourth column, Dan is taking a look "under the hood" of modern credit cards. Did you know that JPMC has a patent on a certain kind of card?
 
 
EVENT PHOTOS                                                                              
 
 
 

An impromptu reunion lunch was held the week of December 13, 2023 at New York's Villa Mosconi. Pictured (L-R) are: Robert Plows; Joe Murphy: Janet Besso Becker; Tom Lynch; Ken Jablon: Tim McGinnis.

Click for photos from CAA Frankfurt's 2023 Thanksgiving celebration. The photos are viewable by everyone.
 
 

 

Click here for coverage and 99 photos of October 2's Fall CAA NYC reception. (Photos can only be accessed by dues-paying CAA members.) The evening included remarks by Charlie Maikish that should be of interest to anyone who worked in Lower Manhattan or the Brooklyn Exposure Zone on 9/11.

 
CAA Belgium held its fourth reunion on October 13, 2023 in Antwerp. Colette Selfslagh, who is with J.P. Morgan in London, was the luncheon speaker. Everyone can see the photos and links to other stories out of Antwerp.
 
 
 
 
 
 
MOMENTS IN BANK HISTORY                                                         

(And remember...you have friends at Chase Alumni who want to see photos of your  Bank memorabilia! Please send to news@chasealum.org.

#  Object of the Week: This week the Hon. Diane Yatauro sent a belated remembrance of Frank Scaturro, who died in July 2023. Scaturro ended his 40-year career at Chase as a Vice President and Zone Manager in Westchester County, Brooklyn and Staten Island. Yatauro shared this photo with the following: "I had the great pleasure of working with Frank in the Bronx. He was a wonderful person and a great boss! It was the height of Charlie’s Angels, so my dear friends Patty Mazza and Vivian Jalicki and I considered ourselves Frank’s Angels. For Christmas, he gifted us with pins with that inscription! I look at it with great respect today." 
 
Hong Lien Nguyen recalls how she was hired in 1966 for the new Chase Manhattan branch in Saigon and how, after "Black April" – the fall of Saigon in 1975 – she continued to work for Chase in New York and the Ivory Coast, retiring after 30 years with the bank.
 
 
 
 
 
 
Bank Culture: Values Learned and Retained – We've begun a new series in which alumni articulate how corporate culture shaped the banks they worked at and how corporate culture differed among the banks that are now under the JPMorgan Chase umbrella. We begin with three contributors: Janin Campos, Richard J. Moss and Elease Ruddock.
     Please send your thoughts – or full-blown essays – to Andrea at  news@chasealum.org. Please indicate which bank you worked for and when, and at what stage of your career. Here are some prompts for responses: How were you made aware of expected values, beliefs, behaviors? Were they set at the top or by your more immediate managers? Were they ever challenged in the heat of battle -- or after your bank may have merged with another? Did aspects of the initial culture stay with you always?  
 
LOOKING FOR INPUT...                                                                                                
We invite you to submit stories for a new series: Brushes with Greatness. Was there a client or executive with whom you worked at Chase or a heritage bank who might have earned his/her reputation as a mover or shaker? Was the person especially demanding? Did he/she make an effort to put you at ease? Did you learn from the encounter or longer-term relationship or dine out later on the story? Was there a more junior colleague where you saw the sparks that made for a later stellar career? Please send your story to Andrea at news@chasealum.org.
 
We're always looking for new Lives After Chase (in non-financial areas) and Moments in Bank History. We also welcome new contributions to such existing series of articles as: Ex-Pat Housing, Corruption, Mentors, Bankers in Danger and our newest, Corporate Culture. Please remember to send your story or story ideas to Andrea at news@chasealum.org. As always, you can write something up, or Andrea can interview you and write it up for you.
 
POLICY CHANGE: We're following up on an alumnus suggestion that when we publish  comments from CAA members, we identify the writers by the years they worked for Chase, Chemical, MHT, First Chicago, WaMu or whatever bank that is now part of JPMorgan Chase. So when you write in, please remember to provide that information.
Many thanks in advance!
IN MEMORIAM                                                                                  

Please send remembrances and news of recent alumni deaths to news@chasealum.org.

# We only just learned of the death on March 14, 2023 of James V. Caruso, who was a Senior Vice President in Chase's Retail Bank before his retirement in 2013. Caruso was 72.  

 

 

# John L. Walker, Sr., one of the first African-American Vice Presidents at Chemical Bank, died in North Carolina on January 5, 2024. He was 90. Walker also served in the Commerce Department during the Clinton Administration.

Funeral information is included in the In Memoriam.

 

 

 

Click here to see our updated list of In Memoria for 2023. Note: We have added Joseph Vincent to the list, but we are still awaiting biographical data for his In Memoriam.

 

 

 

Wolfgang Schoellkopf, EVP and Treasurer of Chase Manhattan in the 1980s and mentor to many, died on August 5, 2023, at the age of 91.

 

 

 

John Joseph Stefans, head of corporate communications for Chase Manhattan, having worked in corporate communications for both Manufacturers Hanover Trust and Chemical Bank, died on November 26, 2023, at the age of 80.

 

 

 

# William (Bill) Mallon, Jr., who became a managing director of Chemical Bank at the age of 36 and later a board member, died at his home on Daniel Island, SC, on October 31, 2023. He was 75. He enjoyed a 40-year career in commercial banking,

Click to read Keith Simpson's colorful tribute to Beshara Razzouk, a Chase Manhattan GAD auditor in the 1980s and 1990s. Razzouk died in Lebanon on September 12, 2023, age 83.

 

 

Glenn W. Lloyd, an 82nd Airborne vet, who served as a Vice President in the International Department, Africa/Middle East Banking Group/ Customer Service/Administration/Operations at 1CMP, died on November 16, 2023, age 81.

 

 

How Best to Use the CAA Membership Directory                        

 
If you have not done so recently, please update
the information in your profile, so that the CAA and other members would be better able to contact you. Using the Membership Directory is a privilege of dues-paying CAA members.
 
Now get a refresher on how to best use the membership directory to find an individual or
groups of individuals you would like to contact. (Note that only dues-paying members have
access to the directory.).
 
To get to the directory, log in at www.chasealum.org. On the home page menu, click on Membership and then Member Directory.
 
When searching by name, or in any of the other search areas, we advise starting by putting in less information in the search field. For example, if you want to find William Smith, type only Smith in the Search by Name box; if you put in “William Smith” and he is calling himself Bill Smith in his profile, you will not find him.
 
If you want to find members who live near you, enter the city, state or country (or any combination) under Location. The Years at Chase search is very valuable. Type in 1996-2005, for instance, and you will find everyone who worked for the bank (including heritage banks) during those years. You can narrow your search by also typing in a location or job title.

Once you have entered the search words, click on Search at the bottom of the page. When members’ names appear, click on their names to obtain more detailed information about them.

If you have any problem with any of this, contact Ken Jablon at jablonkt@aol.com.

As always: If the links do not work for you, you can always access the latest stories by logging on to CAA's web site.

If you have any questions, please send an e-mail to Ken Jablon or call Ken (during normal working hours) at 212-799-9525.

By the by: Don't forget to explore the rest of the CAA Web site. (www.chasealum.org) Just click on the home page menu buttons to find the news archive, photo album, membership directory, past In Memoriams and benefit information.

 

The Board of the Chase Alumni Association  

          
 
 
 
 
 
 
 
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