Leadership Transition at JPMorgan Chase

In a significant leadership shake-up, JPMorgan Chase & Co. announced that Daniel Pinto, the President and Chief Operating Officer (COO), will be stepping down from his duties at the end of June this year. Pinto, who has been a pivotal figure in the company, plans to retire by the end of the following year.

New COO Named

Taking the helm as the new COO is Jenn Piepszak, effective immediately. Piepszak, who previously co-headed the Commercial & Investment Bank (CIB), is set to lead the company into its next chapter. The transition process is expected to be completed in the coming months, ensuring a smooth handover of responsibilities.

Pinto's Legacy

Daniel Pinto's tenure as COO has been marked by significant achievements, having served as co-COO since 2018 and taking on the sole role of president and COO in January 2022. His departure marks the end of an era for JPMorgan Chase, as the company looks forward to the fresh perspectives and leadership that Piepszak will bring.