JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak being named co-head of JPMorgan Chase’s customer and local community banking (CCB) business, the banking big this morning named Jeremy Barnum its new finance main.
Barnum was head of world wide study for JPMorgan’s corporate and investment bank (CIB), a submit he was named to in February. Ahead of that, he experienced been CFO of CIB.
Jennifer Piepszak, JPMorgan Chase
In a push release, CEO Jamie Dimon called Barnum an “extraordinary expertise. His breadth of experience within our intricate, world wide CIB positions him nicely for this vital 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 many years, but the retirement of Gordon Smith still left a gap open in CCB. Piepszak and Marianne Lake, CEO of customer lending and Piepszak’s predecessor as finance main, will co-lead the CCB business, which include home lending, vehicle finance, smaller business, prosperity management, and credit cards. The CCB firms created revenues of far more than $fifty billion past calendar year.
The new appointments will be effective promptly, the bank mentioned.
Equally Lake and Piepszak are described to be contenders to thrive Dimon as CEO.
Piepszak is a 27-calendar year Chase veteran who ran the bank’s credit card business right before being tapped CFO in May 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to being CEO of JPMorgan’s customer and local community banking business, Smith was the bank’s co-president and main running officer. In December, when Smith’s retirement can take effect, Smith, co-president Daniel Pinto will come to be the bank’s sole president and main running officer.
In a different finance-associated move developing at JPMorgan, CNBC described that Sherry Ann Mohan, the CFO of Goldman Sachs’ customer business, is leaving Goldman for JPMorgan. She is slated to come to be the CFO of the business banking unit, according to CNBC. The appointment will come to be effective in August.