JPMorgan’s reshuffle of senior managers in May drew attention for the appointment of Marianne Lake and Jennifer Piepszak as co-heads of consumer banking and the planned elevation of Daniel Pinto to sole president.
That positions Lake and Piepszak as joint top long-term contenders for Jamie Dimon’s job running the biggest US bank, while Pinto would take over if Dimon was forced to retire in the near term.
Pinto carried out this role in tandem with Gordon Smith – who is retiring later this year – when Dimon took time off for heart surgery in 2020; and Lake and Piepszak were both already viewed as contenders for the top job, so the announcement was not much of a surprise.
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