JPMorgan Names Daniel Pinto, Gordon Smith as Co-Presidents, COO

By Emily Glazer

JPMorgan Chase & Co. said business unit heads Daniel Pinto and Gordon Smith will become co-presidents and chief operating officers of the company effective January 30.

Mr. Pinto, head of the corporate and investment bank, and Gordon Smith, head of the consumer and community bank, will continue reporting to Chairman and Chief Executive James Dimon, and will "help drive critical firmwide opportunities," according to the bank.

Mr. Dimon said in a statement that he will continue in his role for "approximately five more years."

Executives have jockeyed for years to succeed Mr. Dimon, who runs the largest U.S. bank by assets, but it has been unclear how much longer Mr. Dimon would stay on in his role. This is the most clear statement yet by the bank and Mr. Dimon in regards to succession.

Write to Emily Glazer at emily.glazer@wsj.com

(END) Dow Jones Newswires

January 29, 2018 16:38 ET (21:38 GMT)

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