July 25, 2024

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JPMorgan Chase Names Jeremy Barnum CFO

With Jennifer Piepszak becoming named co-head of JPMorgan Chase’s purchaser and neighborhood banking (CCB) small business, the banking large this early morning named Jeremy Barnum its new finance chief.

Barnum was head of global investigate for JPMorgan’s company and financial commitment lender (CIB), a write-up he was named to in February. Right before that, he had been CFO of CIB.

Jennifer Piepszak, JPMorgan Chase

In a push launch, CEO Jamie Dimon named Barnum an “extraordinary talent. His breadth of expertise in just our complex, global CIB positions him well for this important firmwide position. In addition, he is acknowledged in just our enterprise and in the money and regulatory communities for his deep intellect and integrity.”

Piepszak had been CFO for only two yrs, but the retirement of Gordon Smith remaining a gap open up in CCB. Piepszak and Marianne Lake, CEO of purchaser lending and Piepszak’s predecessor as finance chief, will co-lead the CCB small business, which includes property lending, automobile finance, little small business, prosperity management, and credit history playing cards. The CCB corporations generated revenues of extra than $50 billion last 12 months.

The new appointments will be effective right away, the lender said.

Each Lake and Piepszak are claimed to be contenders to do well Dimon as CEO.

Piepszak is a 27-12 months Chase veteran who ran the bank’s credit history card small business right before becoming tapped CFO in May well 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.

In addition to becoming CEO of JPMorgan’s purchaser and neighborhood banking small business, Smith was the bank’s co-president and chief working officer. In December, when Smith’s retirement can take outcome, Smith, co-president Daniel Pinto will develop into the bank’s sole president and chief working officer.

In a further finance-relevant go occurring at JPMorgan, CNBC claimed that Sherry Ann Mohan, the CFO of Goldman Sachs’ purchaser small business, is leaving Goldman for JPMorgan. She is slated to develop into the CFO of the small business banking unit, in accordance to CNBC. The appointment will develop into effective in August.

Picture by Spencer Platt/Getty Images
banking, purchaser banking, JP Morgan Chase