July 17, 2024

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JPMorgan Chase Names Jeremy Barnum CFO

With Jennifer Piepszak becoming named co-head of JPMorgan Chase’s customer and community banking (CCB) enterprise, the banking giant this early morning named Jeremy Barnum its new finance main.

Barnum was head of worldwide investigate for JPMorgan’s company and financial investment bank (CIB), a put up he was named to in February. In advance of that, he had been CFO of CIB.

Jennifer Piepszak, JPMorgan Chase

In a press release, CEO Jamie Dimon known as Barnum an “extraordinary talent. His breadth of working experience within our complicated, worldwide CIB positions him well for this critical firmwide position. In addition, he is identified within our firm and in the monetary and regulatory communities for his deep intellect and integrity.”

Piepszak had been CFO for only two several years, but the retirement of Gordon Smith remaining a hole open in CCB. Piepszak and Marianne Lake, CEO of customer lending and Piepszak’s predecessor as finance main, will co-direct the CCB enterprise, which includes dwelling lending, auto finance, modest enterprise, prosperity management, and credit rating cards. The CCB firms produced revenues of far more than $fifty billion past year.

The new appointments will be productive promptly, the bank explained.

Both equally Lake and Piepszak are claimed to be contenders to be successful Dimon as CEO.

Piepszak is a 27-year Chase veteran who ran the bank’s credit rating card enterprise in advance of becoming tapped CFO in May well 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.

In addition to becoming CEO of JPMorgan’s customer and community banking enterprise, Smith was the bank’s co-president and main working officer. In December, when Smith’s retirement usually takes result, Smith, co-president Daniel Pinto will develop into the bank’s sole president and main working officer.

In another finance-connected shift occurring at JPMorgan, CNBC claimed that Sherry Ann Mohan, the CFO of Goldman Sachs’ customer enterprise, is leaving Goldman for JPMorgan. She is slated to develop into the CFO of the enterprise banking unit, in accordance to CNBC. The appointment will develop into productive in August.

Photograph by Spencer Platt/Getty Visuals
banking, customer banking, JP Morgan Chase