JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June

JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, setting off an executive shuffle with implications for succession planning for CEO Jamie Dimon.

Pinto, who has worked at JPMorgan and predecessor firms for more than four decades, will cease being COO and president in June and retire at the end of 2026, the bank said.

The company’s new COO will be Jennifer Piepszak, the co-head of the commercial and investment bank, who along with consumer banking chief Marianne Lake was widely seen as a top contender to succeed Dimon.

Source: CNBC