JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak currently being named co-head of JPMorgan Chase’s consumer and neighborhood banking (CCB) enterprise, the banking huge this morning named Jeremy Barnum its new finance chief.
Barnum was head of international investigation for JPMorgan’s company and investment financial institution (CIB), a publish he was named to in February. Before that, he experienced been CFO of CIB.
Jennifer Piepszak, JPMorgan Chase
In a push launch, CEO Jamie Dimon named Barnum an “extraordinary expertise. His breadth of expertise in just our complex, international CIB positions him well for this essential firmwide job. In addition, he is regarded in just our enterprise and in the economic 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 gap open in CCB. Piepszak and Marianne Lake, CEO of consumer lending and Piepszak’s predecessor as finance chief, will co-guide the CCB enterprise, including house lending, vehicle finance, compact enterprise, prosperity administration, and credit history playing cards. The CCB enterprises produced revenues of additional than $fifty billion past calendar year.
The new appointments will be powerful instantly, the financial institution mentioned.
Each Lake and Piepszak are noted to be contenders to triumph Dimon as CEO.
Piepszak is a 27-calendar year Chase veteran who ran the bank’s credit history card enterprise prior to currently being tapped CFO in May possibly 2019, and Lake joined JPMorgan in 1999 and was appointed CFO in 2012.
In addition to currently being CEO of JPMorgan’s consumer and neighborhood banking enterprise, Smith was the bank’s co-president and chief working officer. In December, when Smith’s retirement can take influence, Smith, co-president Daniel Pinto will develop into the bank’s sole president and chief working officer.
In an additional finance-similar go developing at JPMorgan, CNBC noted that Sherry Ann Mohan, the CFO of Goldman Sachs’ consumer enterprise, is leaving Goldman for JPMorgan. She is slated to develop into the CFO of the enterprise banking device, according to CNBC. The appointment will develop into powerful in August.
