News - Investment
Investment veteran Warren Buffett is backing JPMorgan Chase CEO Jamie Dimon to replace Tim Geithner as US treasury secretary.
Geithner has expressed a desire to leave the post after four years of service, following Barack Obama's re-election.
Speculation has mounted a number of high profile asset management names are in the running to take over the position, including Larry Fink, CEO of BlackRock, and Goldman Sachs veteran Gary Gensler.
Dimon (pictured) has also been widely tipped and has this week won the backing of investment veteran Warren Buffett, according to Bloomberg.
"If we did run into problems in markets, I think he would actually be the best person you could have in the job, as world leaders would have confidence in him."
However, speaking to CNBC in 2011 Dimon played down speculation he would one day become US treasury secretary, arguing he is not suited to politics.
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