With Jennifer Piepszak remaining named co-head of JPMorgan Chase’s consumer and neighborhood banking (CCB) company, the banking big this morning named Jeremy Barnum its new finance main.
Barnum was head of international research for JPMorgan’s company and investment bank (CIB), a article he was named to in February. Right before that, he experienced been CFO of CIB.
In a push release, CEO Jamie Dimon identified as Barnum an “extraordinary talent. His breadth of encounter within just our advanced, international CIB positions him properly for this critical firmwide function. In addition, he is regarded within just our company and in the fiscal and regulatory communities for his deep intellect and integrity.”
Piepszak experienced been CFO for only two many years, but the retirement of Gordon Smith remaining a hole open in CCB. Piepszak and Marianne Lake, CEO of consumer lending and Piepszak’s predecessor as finance main, will co-lead the CCB company, like residence lending, vehicle finance, small company, prosperity administration, and credit rating playing cards. The CCB firms generated revenues of a lot more than $50 billion very last 12 months.
The new appointments will be efficient immediately, the bank reported.
Each Lake and Piepszak are claimed to be contenders to thrive Dimon as CEO.
Piepszak is a 27-12 months Chase veteran who ran the bank’s credit rating card company before remaining tapped CFO in Could 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to remaining CEO of JPMorgan’s consumer and neighborhood banking company, Smith was the bank’s co-president and main running officer. In December, when Smith’s retirement normally takes influence, Smith, co-president Daniel Pinto will turn out to be the bank’s sole president and main running officer.
In a further finance-connected go occurring at JPMorgan, CNBC claimed that Sherry Ann Mohan, the CFO of Goldman Sachs’ consumer company, is leaving Goldman for JPMorgan. She is slated to turn out to be the CFO of the company banking unit, in accordance to CNBC. The appointment will turn out to be efficient in August.