• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

JPMorgan Chase announces Jennifer Piepszak as new COO

by January 14, 2025
written by January 14, 2025

Investing.com — JPMorgan Chase (NYSE:JPM) has named Jennifer Piepszak, the current co-CEO of its commercial and investment bank, as its new chief operating officer, effective immediately. This announcement coincides with the news that Daniel Pinto, the current president and chief operating officer of the largest U.S. bank, will retire at the end of 2026.

Pinto, who has served JPMorgan Chase for over 40 years, will step down from his role as president and COO on June 30, 2025. This will allow him to transition his responsibilities over the coming months. After stepping down, he will continue to serve the company as Vice Chairman of JPMorgan Chase, advising the CEO and other senior executives on key projects and client relationships.

As the new COO, Piepszak will manage and coordinate all Technology, Operations, Chief Administrative Office, Data & Analytics, Corporate Strategy and Diversity, Equity & Inclusion across the company. She will also oversee the firm’s Global Corporate Centers in India and the Philippines, which employ more than 80,000 professionals.

Doug Petno, co-head of Global Banking, will succeed Piepszak as co-CEO of the Commercial & Investment Bank (CIB), partnering with current CIB co-CEO, Troy Rohrbaugh. John Simmons, head of Commercial Banking, will succeed Petno and join Filippo Gori as the new co-head of Global Banking.

Marianne Lake, CEO of Consumer and Community Banking, and Mary Erdoes, CEO of Asset & Wealth Management, will continue in their roles. They, along with Pinto, Piepszak, Petno, and Rohrbaugh, will report directly to Jamie Dimon, Chairman and CEO of JPMorgan Chase. All Corporate functions will be jointly managed by Piepszak and Dimon.

In a statement, Dimon expressed his gratitude to Pinto for his exceptional service to the firm and his excitement about the future of the company, particularly due to the efforts of the newly appointed leaders. Pinto also expressed his pride in the team at JPMorgan Chase and his anticipation for the firm’s bright future.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
BofA changes ratings on seven chemical stocks, upgrades Celanese, Eastman, Olin
next post
What Bitcoin’s past bull runs can tell about its future

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Amgen shares pare losses as drugmaker sees no bone safety concerns in obesity drug
    • B. Riley delays Q3 report, warns of loss from Franchise bankruptcy

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy