Matt Zames has joined Cerberus Capital Management after most recently serving as chief operating officer of JP Morgan Chase & Co. from 2012 to 2017.
Zames brings with him more than 20 years of experience in leadership positions across financial services. In his role as president of Cerberus, he will have broad responsibilities across the firm’s global businesses and will lead a number of strategic investing and operating initiatives, including overseeing all investments in the financial services industry.
Previously, Zames was chief operating officer of JP Morgan Chase & Co. and a member of its operating committee. From 2012 to 2013, he was chief investment officer of jP Morgan Chase. Prior to that he held a number of senior leadership positions, including global fixed income at JP Morgan’s Investment Bank, head of Chase’s Mortgage Banking Capital Markets, and managed several leading Markets businesses.
Before joining JP Morgan in 2004, Zames worked at Credit Suisse, where he was co-head of Global Dollar Interest Rate Trading, a member of the Fixed Income Operating Committee, and the Credit Suisse First Boston Management Council.
In addition, Frank Bruno has been promoted from president of Cerberus to co-chief executive officer, where he will serve alongside Steve Feinberg, founder, co-chief executive officer, and chief investment officer. Bruno will continue to work closely with Feinberg to oversee and manage Cerberus’s global investment activities across asset classes, sectors, and geographies.