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What will be the focus of Jennifer Piepszak's strategic initiatives as COO by the end of 2025?
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Resolution / Starting Odds
Expansion in digital banking • 25%
Cost-cutting measures • 25%
Sustainability initiatives • 25%
Other • 25%
Official announcements from JPMorgan Chase & Co. or reputable financial news outlets
Story
JPMorgan's Daniel Pinto to Step Down in June, Retire by 2026; Jennifer Piepszak Named COO
Jan 14, 2025, 02:11 PM
JPMorgan Chase & Co. has announced that Daniel Pinto, its President and Chief Operating Officer, will step down from his roles in June and retire at the end of 2026. Jennifer Piepszak, a 30-year veteran at the bank and currently co-CEO of its commercial and investment bank, will succeed Pinto as the new COO. Piepszak, who previously served as the bank's Chief Financial Officer from 2019 to 2021, has stated that she does not wish to be considered for the CEO position at this time. This leadership transition comes as part of JPMorgan's ongoing focus on succession planning, with CEO Jamie Dimon nearing two decades at the helm. Doug Petno, currently co-head of global banking, will take over Piepszak's role as co-CEO of the commercial and investment bank. Pinto, who has been with the bank for over four decades, was previously identified as a potential interim CEO during Jamie Dimon's emergency heart surgery in 2020.
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Sustainability initiatives • 25%
Expansion in Asia • 25%
Focus on digital banking • 25%
Other strategic focus • 25%
Net Interest Income • 25%
Trading Income • 25%
Investment Banking Fees • 25%
Other • 25%
Sustainability initiatives • 25%
Cost-cutting measures • 25%
Expansion into new markets • 25%
Digital transformation • 25%
New COO appointed • 25%
Other major change • 25%
Jamie Dimon steps down • 25%
Jennifer Piepszak to CEO • 25%
Major regulatory compliance overhaul • 25%
Launch of new financial product • 25%
Expansion into new international markets • 25%
Other strategic initiative • 25%
Other • 25%
Reducing Red Tape • 25%
Innovation Support • 25%
Small Business Loans • 25%
Deregulation • 25%
Other • 25%
Consumer Protection • 25%
Financial Stability • 25%
Innovation and Technology • 25%
Privacy and Security • 25%
Content Moderation • 25%
Other • 25%
Jennifer Piepszak • 25%
Daniel Pinto • 25%
An external candidate • 25%
Other internal candidate • 25%
Jennifer Piepszak • 25%
Jamie Dimon • 25%
Other internal candidate • 25%
An external candidate • 25%