Wall Street

Now Hiring: Dimon's Daddy

J.P. Morgan chief brings father on board.

Jamie Dimon's newest hire at J.P. Morgan is a familiar figure: his father. Theodore “Ted” Dimon, the 78-year-old father of the J.P. Morgan chief, is quitting his post at Merrill Lynch to join his son's firm, Bloomberg News reports. A company spokesman said the elder Dimon was one of 70 brokers added this year to a Bear Stearns brokerage, which has been owned by J.P. Morgan since its March 2008 takeover. “I love the retail broker business because my dad is a broker and my grandfather was a broker and it was the first job I ever had,” Dimon said at an industry meeting last month. “So if you are really, really good, call J.P. Morgan. We’d be happy to hire you.”