But Adams was not impressed. "We believe managing our own technology infrastructure is best for the long-term growth and success of our company, as well as our shareholders," Adams said at the time.

Adams' move to bring JP Morgan's technology back in-house mirrors an earlier move he made at Bank One, where he terminated a large outsourcing deal with IBM and AT&T Corp.

A 34-year IT veteran, Adams also served as CIO at First Union Corp. before its merger with Wachovia Bank.

Adams plans to return to his home in North Carolina and spend more time with his family, Kelly said.