Jennifer Piepszak named new JP Morgan Chase COO with Daniel Pinto set to retire
JP Morgan Chase has unveiled a series of leadership changes following president and COO Daniel Pinto’s decision step down from his position, effective 30 June 2025.
Daniel Pinto to retire from JP Morgan (Image: JP Morgan Chase)
Pinto, who has worked at the bank for over 40 years, will continue to serve as vice chairman of JPMorgan Chase, and will “working closely with and advising the CEO and other senior executives on key projects, client relationships and complex issues” ahead of his retirement at the end of 2026, according to a statement.
Jennifer Piepszak, co-CEO of the Commercial and Investment Bank (CIB), has been named as Pinto’s successor, effective immediately, and will “work closely” with him in the coming months, according to the bank.
In her new role, Piepszak will “manage and coordinate all technology, operations, chief administrative office, data and analytics, corporate strategy and diversity, equity and inclusion across the company”, while also handling JP Morgan’s global corporate centres in India and the Philippines.
Piepszak’s promotion has triggered further leadership shifts: Doug Petno, co-head of global banking, will succeed her as co-CEO of CIB, joining Troy Rohrbaugh; and John Simmons, head of commercial banking, will take over Petno’s position.
This news comes hot on the heels of JP Morgan, which boasts $4.2 trillion in assets and $346 billion in stockholders’ equity, announcing plans last October to hire 75 community managers in the US by 2030, in a bid to foster greater financial inclusion for underserved communities.
