The bank said that Tilton "played a critical role working across our business to build ties to clients and communities in the Midwest and to leverage firm assets to meet their needs."
The memo was signed by
"His deep relationships, unique leadership experience and strong reputation in the U.S. and internationally enabled him to be a well-regarded and effective ambassador of the firm," it read.
The memo said his "extensive ties to the region, including in business, government and philanthropy, helped to strengthen our company, collaborate with community partners and build our brand."
Chase said it will "look to transition his extensive activities."
The news of Tilton's departure was first reported by Crain's Chicago Business.
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