JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak becoming named co-head of JPMorgan Chase’s client and neighborhood banking (CCB) company, the banking big this morning named Jeremy Barnum its new finance main.
Barnum was head of worldwide research for JPMorgan’s corporate and financial commitment financial institution (CIB), a article he was named to in February. Just before that, he had been CFO of CIB.
Jennifer Piepszak, JPMorgan Chase
In a press release, CEO Jamie Dimon identified as Barnum an “extraordinary talent. His breadth of expertise in our complicated, worldwide CIB positions him perfectly for this important firmwide purpose. In addition, he is regarded in our business and in the monetary and regulatory communities for his deep intellect and integrity.”
Piepszak had been CFO for only two a long time, but the retirement of Gordon Smith still left a gap open up in CCB. Piepszak and Marianne Lake, CEO of client lending and Piepszak’s predecessor as finance main, will co-direct the CCB company, which include household lending, car finance, small company, wealth management, and credit rating cards. The CCB corporations created revenues of extra than $50 billion last 12 months.
The new appointments will be successful straight away, the financial institution said.
Equally Lake and Piepszak are reported to be contenders to do well Dimon as CEO.
Piepszak is a 27-12 months Chase veteran who ran the bank’s credit rating card company right before becoming tapped CFO in May 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to becoming CEO of JPMorgan’s client and neighborhood banking company, Smith was the bank’s co-president and main running officer. In December, when Smith’s retirement will take impact, Smith, co-president Daniel Pinto will turn out to be the bank’s sole president and main running officer.
In a further finance-connected transfer developing at JPMorgan, CNBC reported that Sherry Ann Mohan, the CFO of Goldman Sachs’ client 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 successful in August.
