JPMorgan Chase Appoints Jennifer Piepszak Co-CEO of Its Commercial and Investment Bank

JPMorgan Chase has appointed Jennifer Piepszak as Co-Chief Executive Officer of its Commercial and Investment Bank, the division that brings together the firm's corporate and institutional lending, advisory, markets, and payments operations into a single business unit. The appointment, announced on 25 January 2024, is part of a broader organisational restructuring that JPMorgan Chase said would help it serve clients even better and further develop its most senior leaders.

Piepszak is a member of the firm's operating committee. The bank is led by Chairman and CEO Jamie Dimon.

PREVIOUS ROLES

Piepszak previously served as Chief Financial Officer of JPMorgan Chase from 2019 to 2021.

After her time as CFO, Piepszak served as co-CEO of the Consumer and Community Banking division alongside Marianne Lake before the latest reorganisation.

The Co-CEO structure for the Commercial and Investment Bank means Piepszak will share divisional leadership responsibilities with Troy Rohrbaugh.

BACKGROUND

Jamie Dimon has been CEO of JPMorgan Chase since 2005.

The Commercial and Investment Bank is one of JPMorgan Chase's two largest divisions by revenue and serves multinational corporations, financial institutions, and governments around the world. Its treasury and payments business processes trillions of dollars in transactions annually.

JPMorgan Chase's latest organisational changes were disclosed in a press release that outlined the new structure across all of the firm's major divisions.