JPMorgan's Jamie Dimon Swaps Wall Street for Sleepy Seaside Town Bournemouth
JPMorgan's Jamie Dimon Swaps Wall Street for Sleepy Seaside Town BournemouthReuters

JPMorgan boss Jamie Dimon swapped Wall Street for Bournemouth this week when he went to the sleepy seaside English town to give staff a pep talk in conjunction with a £28.6m revamp of the group's technology and operations centre.

According to a local paper, the Daily Echo, Dimon told the 4,000 employees that the bank will inject millions into the 25-year-old complex.

"We are proud to be an active member of the Bournemouth community and to be the largest private sector employer in Dorset."

"You can be big and stupid. It's not just about profits, it's about the people, about technology, but you have to be financially successful in order for you to be able to do the other things.

"[Markets may be volatile] but quality had to be there all the time".

Over the last year, Dimon's pay doubled to $20m (£12m, €14m) despite the bank stumping up r $23bn worth of financial scandal fines and legal fees.

This forced the bank to report its first ever major quarterly loss under Dimon.