Jamie Dimon, the chairman and chief executive of JPMorgan Chase & Co., has been appointed chairman of The Clearing House Payments Co. LLC.
The New York payments company, which operates one of the two automated clearing house systems (the other is operated by the Federal Reserve banks) and the wire transfer service Clearing House Interbank Payments System, announced the two-year appointment Tuesday.
Mr. Dimon has been on The Clearing House board for four years and succeeded Jerry Grundhofer, the retired chairman of U.S. Bancorp, who is stepping down after two years as chairman.
The Clearing House also named Richard Davis, U.S. Bancorp's current chairman, president and chief executive, as a director to take the vacant seat created by Mr. Grundhofer's retirement.
The Clearing House is owned by 22 major U.S. banking companies and helps define key payments policies.
