JPMorgan Chase CEO reshuffles senior management team
livemint.comMorgan Stanley Chairman James Gorman's compensation jumps 17% to $37 mn in 2023 Piepszak, 53, succeeded Lake as CFO, capping a relatively quick ascent into the realm of potential Dimon successors, and she has gained momentum as the top candidate in the years since. Her new role broadens her experience on the Wall Street side of the house, where she started her career before making a rare leap to the consumer side more than a decade ago. Rohrbaugh, 53, rose through JPMorgan’s bond-trading apparatus to become global head of markets in 2019.
His latest promotion expands his remit to include wider swaths of the bank’s wholesale business. Fidelity, JPMorgan buck market by betting Dollar to rise in 2024 Among other reshuffles, Vis Raghavan will be the sole head of the global investment banking franchise. His former co-head, Jim Casey, will get a new role that will be announced soon, the company said.
Marc Badrichani, co-head of markets and securities services alongside Rohrbaugh, will leave. JPMorgan just achieved the largest annual profit of any bank in US history. “JPMorgan Chase is stronger today than it has ever been, and this is thanks to our hundreds of thousands of employees and our superb senior management team," Dimon, 67, said in the statement.
Daniel Pinto, the sole head of the corporate and investment bank since 2014, will focus on his role as president of the New York-based company. “We can increasingly take advantage of his extraordinary capabilities across the firm as we continue to jointly manage the company," Dimon said. Pinto, 61, will “focus on the execution of our lines-of-business priorities," the CEO added.
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