JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak getting named co-head of JPMorgan Chase’s buyer and community banking (CCB) organization, the banking large this early morning named Jeremy Barnum its new finance main.
Barnum was head of international analysis for JPMorgan’s corporate and financial commitment lender (CIB), a put up he was named to in February. Prior to that, he had been CFO of CIB.
Jennifer Piepszak, JPMorgan Chase
In a press launch, CEO Jamie Dimon known as Barnum an “extraordinary expertise. His breadth of practical experience inside our complex, international CIB positions him very well for this crucial firmwide part. In addition, he is recognized inside our organization and in the money and regulatory communities for his deep intellect and integrity.”
Piepszak had been CFO for only two several years, but the retirement of Gordon Smith still left a gap open in CCB. Piepszak and Marianne Lake, CEO of buyer lending and Piepszak’s predecessor as finance main, will co-guide the CCB organization, together with house lending, automobile finance, compact organization, prosperity administration, and credit history cards. The CCB organizations created revenues of a lot more than $50 billion final year.
The new appointments will be efficient right away, the lender mentioned.
The two Lake and Piepszak are reported to be contenders to triumph Dimon as CEO.
Piepszak is a 27-year Chase veteran who ran the bank’s credit history card organization just before getting tapped CFO in May perhaps 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to getting CEO of JPMorgan’s buyer and community banking organization, Smith was the bank’s co-president and main operating officer. In December, when Smith’s retirement usually takes effect, Smith, co-president Daniel Pinto will turn into the bank’s sole president and main operating officer.
In a further finance-similar move occurring at JPMorgan, CNBC reported that Sherry Ann Mohan, the CFO of Goldman Sachs’ buyer organization, is leaving Goldman for JPMorgan. She is slated to turn into the CFO of the organization banking device, according to CNBC. The appointment will turn into efficient in August.
