JPMorgan Chase Names Jeremy Barnum CFO

With Jennifer Piepszak staying named co-head of JPMorgan Chase’s customer and group banking (CCB) company, the banking giant this morning named Jeremy Barnum its new finance chief.

Barnum was head of global study for JPMorgan’s corporate and expenditure bank (CIB), a submit he was named to in February. Ahead of that, he experienced been CFO of CIB.

In a push release, CEO Jamie Dimon referred to as Barnum an “extraordinary talent. His breadth of encounter within our intricate, global CIB positions him properly for this essential firmwide role. In addition, he is regarded within our corporation and in the money and regulatory communities for his deep intellect and integrity.”

Piepszak experienced been CFO for only two decades, 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-direct the CCB company, including home lending, auto finance, little company, wealth management, and credit score playing cards. The CCB firms generated revenues of more than $fifty billion final yr.

The new appointments will be successful promptly, the bank claimed.

The two Lake and Piepszak are reported to be contenders to be successful Dimon as CEO.

Piepszak is a 27-yr Chase veteran who ran the bank’s credit score card company before staying tapped CFO in May well 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 company, Smith was the bank’s co-president and chief functioning officer. In December, when Smith’s retirement usually takes outcome, Smith, co-president Daniel Pinto will turn into the bank’s sole president and chief functioning officer.

In a different finance-linked transfer taking place at JPMorgan, CNBC reported that Sherry Ann Mohan, the CFO of Goldman Sachs’ customer company, is leaving Goldman for JPMorgan. She is slated to turn into the CFO of the company banking unit, in accordance to CNBC. The appointment will turn into successful in August.

Photo by Spencer Platt/Getty Visuals

banking, customer banking, JP Morgan Chase