JPMorgan Chase Appoints Jennifer Piepszak Chief Financial Officer; Marianne Lake Named Chief Executive Officer of Consumer Le...
April 17 2019 - 5:03PM
Business Wire
JPMorgan Chase & Co. (NYSE:JPM) announced today that
Jennifer Piepszak, currently Chief Executive Officer of its Card
Services business, will become Chief Financial Officer for the
company and a member of its Operating Committee, effective May 1,
2019. Ms. Piepszak succeeds Marianne Lake, who will become Chief
Executive Officer of Consumer Lending, which includes Card
Services, Home Lending and Auto Finance.
“Jennifer Piepszak is an enormously talented executive who has
greatly strengthened the world-class Card Services business we have
today,” said Jamie Dimon, CEO of the firm. “Even more importantly,
she is a first-class leader and partner who has excelled over the
past 25 years in increasingly critical business and finance roles
across our Corporate and Investment Bank and Consumer &
Community Banking businesses.”
“Marianne Lake has served with distinction as our firm’s CFO and
as a deeply knowledgeable and trusted partner to me and my
colleagues,” Dimon said. “We are fortunate to have such an
extraordinary executive taking the helm of our Consumer Lending
businesses, a part of the firm she knows extremely well having
acted as CFO of Consumer & Community Banking from
2009-2012.”
Gordon Smith, Co-President and Chief Operating Officer, and CEO
of Consumer & Community Banking, added: “I’ve had the privilege
of working closely with both Jenn and Marianne for many years. They
are truly exceptional talents who will not only build on our
company’s successes, but also help us to accelerate our strong
momentum in serving customers and communities in the future.”
As head of the Office of the CFO, Ms. Piepszak will report to
Jamie Dimon and be responsible for a number of areas, including
Finance & Business Management, the Chief Investment Office, and
the Chief Administrative Office. Prior to heading Card Services,
Ms. Piepszak served as CEO of the firm’s Business Banking unit, and
prior to that she held a variety of other senior roles, including
CFO of Mortgage Banking and Controller of Mortgage Banking and
Retail Financial Services. She joined JPMorgan Chase in 1994 and
held a variety of roles in the Corporate & Investment Bank as
well.
As head of Consumer Lending, Ms. Lake will be responsible for
leading Card Services, Home Lending and Auto Finance, reporting to
Co-President Gordon Smith and continuing as a member of the
company’s Operating Committee. Prior to becoming CFO of the firm,
Ms. Lake was CFO of Consumer & Community Banking. She served as
the Investment Bank’s Global Controller from 2007 to 2009 and held
a number of roles in the Consumer Bank and Investment Bank in New
York and London since joining the firm in 1999. Ms. Lake started
her career as a chartered accountant at PricewaterhouseCoopers in
their London and Sydney offices.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.7 trillion and
operations worldwide. The Firm is a leader in investment banking,
financial services for consumers and small businesses, commercial
banking, financial transaction processing, and asset management. A
component of the Dow Jones Industrial Average, JPMorgan Chase &
Co. serves millions of customers in the United States and many of
the world's most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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