JPMorganChase Announces New Responsibilities for Senior Leaders
JPMorgan Chase announced significant leadership changes, with President and COO Daniel Pinto set to retire at the end of 2026. Pinto will step down from his current roles by June 30, 2025, transitioning to Vice Chairman. Jennifer Piepszak, previously Co-CEO of the Commercial & Investment Bank, has been appointed COO effective immediately.
The reorganization includes Doug Petno succeeding Piepszak as Co-CEO of CIB, and John Simmons becoming Co-head of Global Banking alongside Filippo Gori. Piepszak will oversee Technology, Operations, Chief Administrative Office, Data & Analytics, Corporate Strategy, and DEI initiatives, including management of global corporate centers in India and the Philippines employing over 80,000 professionals.
The company reported $4.2 trillion in assets and $346 billion in stockholders' equity as of September 30, 2024.
JPMorgan Chase ha annunciato significative modifiche nella leadership, con il Presidente e COO Daniel Pinto che si prepara a ritirarsi alla fine del 2026. Pinto lascerà i suoi attuali ruoli entro il 30 giugno 2025, passando a Vice Presidente. Jennifer Piepszak, precedentemente Co-CEO della Commercial & Investment Bank, è stata nominata COO con effetto immediato.
La riorganizzazione include Doug Petno che succederà a Piepszak come Co-CEO della CIB, e John Simmons che diventerà Co-responsabile del Global Banking insieme a Filippo Gori. Piepszak supervisionerà Tecnologia, Operazioni, Chief Administrative Office, Dati & Analisi, Strategia Aziendale e iniziative DEI, inclusa la gestione dei centri corporate globali in India e nelle Filippine, dove lavorano oltre 80.000 professionisti.
L'azienda ha riportato $4,2 trilioni in attivi e $346 miliardi in capitale degli azionisti al 30 settembre 2024.
JPMorgan Chase anunció cambios significativos en el liderazgo, con el Presidente y COO Daniel Pinto programado para retirarse a finales de 2026. Pinto dejará sus roles actuales para el 30 de junio de 2025, asumiendo el cargo de Vicepresidente. Jennifer Piepszak, anteriormente Co-CEO del Banco Comercial y de Inversión, ha sido nombrada COO con efecto inmediato.
La reestructuración incluye a Doug Petno como sucesor de Piepszak como Co-CEO de CIB, y John Simmons convirtiéndose en Co-jefe de Banca Global junto a Filippo Gori. Piepszak supervisará Tecnología, Operaciones, Oficina Administrativa Principal, Datos y Análisis, Estrategia Corporativa e iniciativas DEI, incluyendo la gestión de centros corporativos globales en India y Filipinas que emplean a más de 80,000 profesionales.
La compañía reportó $4.2 billones en activos y $346 mil millones en capital de los accionistas al 30 de septiembre de 2024.
JP모건 체이스는 중요한 리더십 변화를 발표했으며, 사장 겸 COO 다니엘 핀토가 2026년 말에 은퇴할 예정입니다. 핀토는 2025년 6월 30일까지 현재의 역할에서 물러나고 부회장으로 전환할 것입니다. 제니퍼 피입작은 이전에 상업 및 투자 은행의 공동 CEO였으며, 즉시 COO로 임명되었습니다.
재조직에 더그 페트노가 피입작의 후임으로 CIB의 공동 CEO가 되고, 존 시먼스는 필리포 고리와 함께 글로벌 뱅킹의 공동 책임자가 되는 것이 포함됩니다. 피입작은 기술, 운영, 최고 관리 사무소, 데이터 및 분석, 기업 전략 및 DEI 이니셔티브, 인도와 필리핀의 글로벌 법인 센터 관리도 감독하며, 여기서 80,000명이 넘는 전문가들이 근무하고 있습니다.
회사는 2024년 9월 30일 기준으로 4.2조 달러의 자산과 3,460억 달러의 주주 자본을 보고했습니다.
JPMorgan Chase a annoncé des changements significatifs dans la direction, avec le Président et COO Daniel Pinto prévu pour prendre sa retraite à la fin de 2026. Pinto démissionnera de ses fonctions actuelles d'ici le 30 juin 2025 et sera promu Vice-président. Jennifer Piepszak, précédemment Co-CEO de la Banque Commerciale et d'Investissement, a été nommée COO avec effet immédiat.
La réorganisation comprend Doug Petno qui succède à Piepszak en tant que Co-CEO de la CIB, et John Simmons qui devient Co-responsable de la Banque Mondiale aux côtés de Filippo Gori. Piepszak supervisera la Technologie, les Opérations, le Bureau Administratif Principal, les Données & Analyses, la Stratégie d'Entreprise et les initiatives DEI, y compris la gestion des centres corporatifs mondiaux en Inde et aux Philippines employant plus de 80 000 professionnels.
L'entreprise a déclaré avoir des actifs de 4,2 billions de dollars et des capitaux propres de 346 milliards de dollars au 30 septembre 2024.
JPMorgan Chase hat bedeutende Veränderungen in der Führung angekündigt, wobei Präsident und COO Daniel Pinto geplant ist, Ende 2026 in den Ruhestand zu gehen. Pinto wird seine derzeitigen Funktionen bis zum 30. Juni 2025 niederlegen und wird Vizepräsident. Jennifer Piepszak, zuvor Co-CEO der Commercial & Investment Bank, wurde mit sofortiger Wirkung zur COO ernannt.
Die Umstrukturierung umfasst Doug Petno, der Piepszak als Co-CEO der CIB nachfolgt, und John Simmons, der zusammen mit Filippo Gori Co-Leiter des Global Banking wird. Piepszak wird Technologie, Betrieb, Chief Administrative Office, Daten & Analysen, Unternehmensstrategie und DEI-Initiativen überwachen, einschließlich der Verwaltung globaler Unternehmenszentren in Indien und den Philippinen, in denen über 80.000 Fachkräfte beschäftigt sind.
Das Unternehmen meldete zum 30. September 2024 Vermögenswerte von 4,2 Billionen US-Dollar und ein Eigenkapital von 346 Milliarden US-Dollar.
- Strategic leadership transition plan implemented well in advance
- Internal promotion demonstrates strong succession planning
- Maintains strong financial position with $4.2T in assets
- Loss of experienced executive Daniel Pinto after 40-year tenure
Insights
The announced leadership transition at JPMorgan Chase represents a carefully orchestrated succession plan. Daniel Pinto's planned departure in 2026, with an 18-month transition period, demonstrates thoughtful succession management. Jennifer Piepszak's immediate elevation to COO positions her as a potential future CEO candidate, following her successful track record in the CIB division. The retention of key executives Marianne Lake and Mary Erdoes maintains stability while creating a balanced power structure.
The restructuring preserves institutional knowledge through Pinto's transition to Vice Chairman role while enabling fresh perspectives with Piepszak's promotion. The streamlined reporting structure, with six senior executives reporting directly to Dimon, suggests improved operational efficiency. Historical data shows that well-planned leadership transitions at major banks typically result in minimal market disruption.
The organizational realignment reflects JPMorgan's strategic focus on technological integration and operational efficiency. Piepszak's new COO role, overseeing Technology, Operations and Data & Analytics, signals increased emphasis on digital transformation. The consolidation of global corporate centers under her leadership, managing 80,000 professionals in India and the Philippines, suggests potential operational cost optimization and technology scaling initiatives.
The preservation of the dual leadership structure in the CIB division, with Petno joining Rohrbaugh, maintains the successful model that has kept JPMorgan at the top of investment banking league tables. With
Daniel Pinto, President and Chief Operating Officer, who has served the firm for more than 40 years, has informed Chairman and Chief Executive Officer Jamie Dimon of his decision to retire at the end of 2026. Pinto will relinquish his responsibilities as President and COO as of June 30, 2025. This will allow him to effectively transition those responsibilities in the coming months. He will continue to serve the company as Vice Chairman of JPMorgan Chase working closely with and advising the CEO and other senior executives on key projects, client relationships and complex issues facing the firm.
Jennifer Piepszak, Co-Chief Executive Officer of the Commercial & Investment Bank (CIB), has been named Chief Operating Officer of the company, effective immediately, working closely with Pinto over the next few months. In this role, Piepszak will manage and coordinate all Technology, Operations, Chief Administrative Office, Data & Analytics, Corporate Strategy and Diversity, Equity & Inclusion across the company, as well as overseeing the firm’s Global Corporate Centers in
Doug Petno, Co-head of Global Banking, will succeed Piepszak as Co-Chief Executive Officer of the CIB, partnering with current CIB Co-CEO, Troy Rohrbaugh, to manage the business. John Simmons, head of Commercial Banking, will succeed Petno and join Filippo Gori as the new Co-head of Global Banking, both reporting to Petno and Rohrbaugh.
Marianne Lake, CEO of Consumer and Community Banking, and Mary Erdoes, CEO of Asset & Wealth Management, will continue in their roles, and along with Pinto, Piepszak, Petno, and Rohrbaugh, will report solely to Jamie Dimon. All Corporate functions will be managed jointly by Piepszak and Dimon.
Dimon said, “Daniel Pinto has done a truly exceptional job in every role he has played at our firm. I can’t thank him enough for his partnership and outstanding stewardship as President and COO, and for building the best, most respected Corporate & Investment Bank in the world. Professionally, Daniel has been an outstanding business leader, who has nurtured many of our top senior leaders and contributed to the success of businesses across the firm. Daniel is a first-class person who I am proud to call a friend, and he has made a truly significant impact on our company for more than 40 years. I’m thrilled he will continue to support and advise us.”
Pinto added, “I am very proud of the team here at JPMorgan Chase, the company we have built and all we have achieved along the way. I will continue to support our company in any way I can and am excited about the firm’s bright future. I want to thank Jamie and the company for these extraordinary leadership opportunities throughout my career. I deeply value the support, counsel and friendship he has provided me over the years.”
Dimon continued, “We are fortunate to have developed an exceptional team of world-class executives, each of whom has contributed significantly to the success of our company. I want to congratulate Jennifer, Doug and John on their expanded roles. I have never been more proud and optimistic about our company, in large part because of the extraordinary efforts of these leaders and our other members of the Operating Committee and executive team.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
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Source: JPMorgan Chase & Co.
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