JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak staying named co-head of JPMorgan Chase’s customer and group banking (CCB) business, the banking big this early morning named Jeremy Barnum its new finance chief.
Barnum was head of world wide exploration for JPMorgan’s company and investment bank (CIB), a put up he was named to in February. Before that, he experienced been CFO of CIB.
Jennifer Piepszak, JPMorgan Chase
In a press launch, CEO Jamie Dimon called Barnum an “extraordinary expertise. His breadth of encounter in just our elaborate, world wide CIB positions him effectively for this critical firmwide purpose. In addition, he is identified in just our company and in the economical and regulatory communities for his deep intellect and integrity.”
Piepszak experienced been CFO for only two several years, but the retirement of Gordon Smith left a hole open in CCB. Piepszak and Marianne Lake, CEO of customer lending and Piepszak’s predecessor as finance chief, will co-lead the CCB business, which include house lending, automobile finance, compact business, prosperity administration, and credit rating playing cards. The CCB corporations produced revenues of far more than $50 billion past 12 months.
The new appointments will be successful instantly, the bank said.
Each Lake and Piepszak are reported to be contenders to succeed Dimon as CEO.
Piepszak is a 27-12 months Chase veteran who ran the bank’s credit rating card business ahead of staying tapped CFO in May 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to staying CEO of JPMorgan’s customer and group banking business, Smith was the bank’s co-president and chief working officer. In December, when Smith’s retirement usually takes result, Smith, co-president Daniel Pinto will grow to be the bank’s sole president and chief working officer.
In yet another finance-similar transfer transpiring at JPMorgan, CNBC reported that Sherry Ann Mohan, the CFO of Goldman Sachs’ customer business, is leaving Goldman for JPMorgan. She is slated to grow to be the CFO of the business banking device, according to CNBC. The appointment will grow to be successful in August.
