JPMorgan shuffles top managers as Dimon prepares successors

JPMorgan CEO Jamie Dimon
Photographer: Ting Shen/Bloomberg

JPMorgan Chase CEO Jamie Dimon moved a handful of his top lieutenants into new senior roles, positioning them for more experience running the firm's operations as he prepares possible successors.

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The shuffle, halfway through Dimon's five-year retention package, included moving Jenn Piepszak to oversee the corporate and investment bank alongside Troy Rohrbaugh, according to a statement Thursday. Marianne Lake will be sole head of the consumer and community bank, which she has led alongside Piepszak since 2021. 

It's a high-stakes change: JPMorgan just achieved the largest annual profit of any bank in U.S. history. But as Bloomberg reported in December, insiders have been predicting it would need to rotate bosses to give them new challenges.

READ MORE: Raymond James hits record assets with little headcount change

"JPMorgan Chase is stronger today than it has ever been, and this is thanks to our hundreds of thousands of employees and our superb senior management team," Dimon said in the statement.


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