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JPMorgan Chase has shaken its top team with Gordon Smith, one of Jamie Dimon’s top executive lieutenants, who will leave his role later this year.
Smith was co-chair and co-director of operations alongside the head of investment banking, Daniel Pinto, and also led the bank’s consumer side. Once he leaves, Pinto will become sole president and COO.
Smith will remain with JPMorgan as a senior advisor to Dimon and other executives.
“Professionally, Gordon has been an outstanding leader and business partner for the past 13 years,” Dimon said in a statement. “I am very pleased that it continues to be a smart resource for me and our management team.”
Marianne Lake, who heads the bank’s consumer lending unit, and chief financial officer Jennifer Piepszak will become co-directors of JPMorgan’s consumer and community banking unit.
Jeremy Barnum will succeed Piepszak as the bank’s chief financial officer.
Lake and Piepszak are considered possible replacements for Dimon when he finally resigns as CEO. Dimon has been leading the bank since 2006.
“Personally it’s bittersweet to leave this first-class team, but I’m thrilled to support them in any way I can and I’m excited about the firm’s bright future,” Smith said.
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