TLDR: JPMorgan Chase has reshuffled its top executives, leading to speculation about the succession plan for CEO Jamie Dimon. The bank has consolidated its commercial banking and corporate and investment banking units into a new commercial and investment bank, which will be led by co-CEOs Jennifer Piepszak and Troy Rohrbaugh. Daniel Pinto, the bank’s president and COO, will step down as CEO of the corporate and investment bank to focus on overseeing all of JPMorgan’s lines of business. The leadership reshuffle is seen as an opportunity for potential successors to gain experience.
JPMorgan Chase has reshuffled its top executives, leading to speculation about the succession plan for CEO Jamie Dimon. The bank has consolidated its commercial banking and corporate and investment banking units into a new commercial and investment bank, which will be led by co-CEOs Jennifer Piepszak and Troy Rohrbaugh. Daniel Pinto, the bank’s president and COO, will step down as CEO of the corporate and investment bank to focus on overseeing all of JPMorgan’s lines of business. The leadership reshuffle is seen as an opportunity for potential successors to gain experience.