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Dear Reader,
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# Remember: Past CAA newsletters are archived on the CAA website under News.
Friday, September 11th marked the 25th anniversary of 9/11. We have added four stories to the collection of remembrances of that day we have gathered over the last quarter of a century. (See below for links.)
Click here for stories by Mark Kay, John Vaughey and a "vendor alumnus", Chris Mahoney, who was working for Moody's and had a meeting with Chase executives that morning.
Click here for an op-ed about readiness for future such catastrophes by Chase alumnus Michael Prasad, who became an emergency manager in response to 9/11.
Nobody working at 1 CMP was killed that day as a result of the terrorist attack. Some employees, however, became ill subsequently, some fatally, as a result of exposure to the toxic dust cloud released by the collapse of the Twin Towers. On this sad anniversary we remember them.
If you want to add to this collection of essays or have a comment, please contact Andrea at news@chasealum.org.
NEWS & EVENTS (PAST AND FUTURE)
The CAA Frankfurt chapter is planning a visit on Wednesday, September 23rd at noon to the exhibition, "250 Years of Transatlantic Relations: Hesse – USA", at the Institute for the History of Frankfurt (in the Carmelite Monastery at Münzgasse 9), followed by lunch at Sardegna. The exhibition bears the enticing subtitle "More than just Hessian Mercenaries and Elvis Presley". If you're passing through Frankfurt around then and want to join the group, please contact chapter chair Heinz Rahlves, preferably by September 15.
# STILL HOLDING YOUR BREATH? IT'S GONNA HAPPEN! What was the valuation of the bank when you worked there? Read FORTUNE's article, "The ‘Jamie premium’ nears $1 trillion as JP Morgan flirts with historic market valuation" Wrote Mia Osmonbekov, a news fellow at Fortune, "The financial giant was worth roughly $970 billion on Monday (August 17) morning—a modest stock-market rally away from becoming the first bank in the world with a $1 trillion market cap and a far cry from its $138 billion valuation on December 30, 2005, just before he took over. Last month, JPMorgan posted the highest-ever quarterly profit by a U.S. bank." At the market close on September 11, 2026, the stock's market cap was $949.96 billion, down $3.69 billion over the prior week. [JPMC's market cap the day before the 9/11 attacks was about $36.88 billion; the stock had just split. When the stock market reopened for trading on September 17, 2001, JPMC's market cap was $30.5 billion.]
Added to the In Memoriam for Art Ryan: Video of Ryan's 2018 induction into the New Jersey Hall of Fame. Hear him in the last two minutes of the video. To get a sense of who Ryan was and what was important to him, also listen to Ryan giving the 2019 Fiondella Lecture at his alma mater, Providence College, addressing how his humanities/liberal arts education prepared him to become CEO of one of the largest financial institutions in the world. (The video also features Chase and Providence College alumna Liz Flynn.)
Is Jamie Dimon's eventual successor as CEO of JPMorganChase one of the two executives promoted last week to newly created roles as co-presidents? As Hugh Son writes for CNBC:
"Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since early 2024, were named co-presidents of JPMorgan effective immediately..
"As part of the changes, Petno, 61, becomes the sole chief executive of the commercial and investment banking division, while Rohrbaugh, 56, will take over as CEO of the firm’s consumer and community banking division, succeeding Marianne Lake."
Lake, 57, who many thought was in the running for CEO, announced last week that she would retire. In The Wall Street Journal, Alexander Saeedy wrote that Lake was "widely praised for years about her mastery of financial data and her comfortability talking with investors. She had a fast-paced style and many considered her one of the smartest executives at JPMorgan as she expanded the bank's branch network, credit-card offerings and profits."
Saeedy noted, however, that she also had negative feedback from her direct reports for her management style. Around the end of last year, Saeedy, wrote, "people close to Lake started to acknowledge that she wouldn't likely become the next chief executive."
"Though she is retiring from JPMorgan," Saeedy wrote, "Lake expects that she will eventually take a new job as a corporate executive," according to people familiar with the matter.
Click here for a gift article with coverage from The New York Times.
RET ON PRIVACY
Ret, a privacy expert, is offering a monthly column on privacy/security issues.
CAA TECH CORNER WITH DAN ALVAREZ
In his 11th feature dedicated to defining emerging trends in technology (in plain English), CAA board member Dan Alvarez explains how AI agents are used, what jobs they might threaten and what positions may be in even greater demand. The article is long (but easy to read and engaging), so it's in two parts.
Dan's columns look at tech trends 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".
EVENT PHOTOS
# Remember: Dues-paying Chase Alumni Association members can explore the numerous photo albums on the website. Be sure to log in first.
It finally felt like pre-pandemic days! More than 300 alumni attended the April 27th CAA reception so generously and graciously hosted by JPMorganChase at its new global headquarters at 270 Park Avenue.
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: Vintage Washington Mutual Pilot Wings Pin.
# We're always looking for ideas for:
We also invite alumni to share their upcoming (or very recent) milestone birthdays, ending in "0" or "5". (Please notify Andrea at news@chasealum.org close to your birthday, and if you're having a party, send a picture.)
Please send your story or story ideas to news@chasealum.org. As always, you can write something up, or Andrea can interview you and write it up for you.
MILESTONE BIRTHDAYS

Jim Cockefair turned 80 on September 8, 2026. He was a Vice President in Administrative Services at The Chase Manhattan Bank, retiring in 2004 after 25 years with the Bank. He and his wife celebrated his birthday milestone by going on a cruise earlier in the year. As for the day itself? "When I asked about my birthday, my wife’s response was, ‘We’re celebrating it.’ So who knows. She’s very creative."
Stephen (Steve) O'Brien celebrated his 80th birthday on September 3, 2026. O'Brien left the bank in 2009 as Chairman of Chase Manhattan's International Trust and Investment Committee. He and his wife, Barbara (also a Chase alumna) live in Ely, a cathedral city about 15 miles from Cambridge England. This is a picture of the couple with their friend Jim Parker, another former JPMorganChase employee, celebrating O'Brien's birthday.
Are you approaching a milestone birthday – a number ending in a zero or a five? We want to help you celebrate! Please let Andrea know at news@chasealum.org. Celebration photos are welcomed.
IN MEMORIAM
# Richard J. Sweeney, who began a long career in corporate banking at Manufacturers Hanover Trust, died on August 24, 2026 in New York CIty. He was 79.
# Thomas (Tom) O'Reilly, who retired from a 30-year career at The Chase Manhattan Bank in 1987 as a Senior Vice President, Human Resources, died on August 26, 2026 in Scottsdale, AZ. He was 93.
Stephen Prostano, who became a respected innovator and leader in wealth management, multi-family office and global financial services – having led Chase Global Asset Management early in his career – died on August 11, 2026. He was 68 and lived in Greenwich, CT.
Stephen Jurcsek, a Hungarian immigrant who rose from working in Chase Manhattan's mail room to becoming a Vice President for Corporate Benefits, died on August 5, 2026. He was 87 and lived in Edison, NJ.
Art Ryan, the much admired former President and Chief Operating Officer of Chase Manhattan Bank, died unexpectedly in Italy on July 28, 2026, while on vacation with his daughter and her children. He was 83.
To add your remembrance to the many we've already received, send your tribute to news@chasealum.org. Please be sure to include your name, especially if it's not obvious from your email address.
Robert (Bob) Hart Aldrich, whom David Rockefeller recruited in 1970 to lead the first environmental banking initiative undertaken at a major financial institution, died at his home in Westport, CT, on July 19, 2026. He was 91.
We only just learned of the death of Alan J. Stern, 75, on February 2, 2026, at his home in Fort Lee, NJ. He joined Chemical Bank in 1980 and retired from JPMorganChase in 2009, having worked in the Corporate Controller's office and Treasury Services. His wife, Nancy Stern, is also a Chase alumna.
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.
Here's a refresher on how to best use the 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. Narrow your search by typing in a location or job title.
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.
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 and newsletter archives, photo albums, membership directory, past In Memoriams and benefit information.
The Board of the Chase Alumni Association
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CHASE ALUMNI ASSOCIATION
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