JPMorgan Puts Two Front-Runners to Succeed CEO Dimon in Charge of Consumer Bank
The two apparent front-runners to succeed JPMorgan Chase's (NYSE: JPM) longtime and legendary CEO Jamie Dimon will now co-head the company's Consumer & Community Banking (CCB) division, JPMorgan announced today.
Marianne Lake, CEO of consumer lending, and Jennifer Piepszak, CFO of the entire company, will become co-heads of CCB, effective immediately.
As the new heads of the CCB, Lake and Piepszak will be responsible for home lending, auto finance, small business lending, U.S. wealth management, and Chase's consumer banking and credit card businesses. The bank's CCB last year generated more than $50 billion in total revenue.
Source Fool.com
