Jamie Dimon, the CEO of JPMorgan Chase, is reportedly being considered for a knighthood in the U.K. as part of Rishi Sunak's honors nominations. The U.K. honors system consists of three types of awards, and a knighthood is the highest ranking under the Most Excellent Order of the British Empire. Dimon, along with former Google CEO Eric Schmidt, who is also on Sunak's nomination list, are U.S. citizens, so the nominations have been routed through the Foreign, Commonwealth and Development Office. The nominations are still subject to approval by King Charles III. The process began in mid-May and falls under the New Year's honors, the sovereign's birthday honors, and resignation honors from departing prime ministers. Dimon, who is stepping down from his role at JPMorgan in the next five years, could potentially add a 'Sir' to the front of his name if he accepts the knighthood.