JPMorgan Chase announced that Chief Operating Officer and President Daniel Pinto will step down from those roles in June, marking a significant change for the bank’s executive leadership.
Pinto, who has over four decades of experience at the company, including stints at predecessor firms, will retire at the end of 2026. His departure sets off an executive shuffle with implications for CEO Jamie Dimon.
Newly appointed Chief Operating Officer Jennifer Piepszak, a co-head of the commercial and investment bank, will oversee technology, operations, data analytics, and overseas operations. However, she has stated that her intention is to remain in a support role to the CEO, rather than vying for the top job.
According to a company spokesman, Piepszak prefers a senior operating role working closely with Dimon and wants to “help in any way she can.” With Pinto’s departure, contenders to succeed Dimon include consumer banking chief Marianne Lake, co-head of Commercial & Investment Bank Troy Rohrbaugh, and others who report directly to Dimon.
Dimon praised Pinto for his significant contributions to the company over 40 years.
Source: https://www.cnbc.com/2025/01/14/jpmorgan-chase-coo-daniel-pinto-stepping-down-in-june.html