JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon moved a handful of his top lieutenants into new senior roles, positioning them for more experience running the firm’s operations as he prepares potential successors.
The shuffle, halfway through Dimon’s five-year retention package, included moving Jenn Piepszak to oversee the corporate and investment bank alongside Troy Rohrbaugh, according to a statement Thursday. Marianne Lake will be sole head of the consumer and community bank, which she has co-led alongside Piepszak since 2021.
It’s a high-stakes maneuver: JPMorgan just achieved the largest annual profit of any bank in US history. But as Bloomberg reported in December, insiders have been predicting it would need to rotate bosses to give them new challenges.
“JPMorgan Chase is stronger today than it has ever been, and this is thanks to our hundreds of thousands of employees and our superb senior management team,” Dimon said in the statement.
This article was provided by Bloomberg News.