JPMorgan Chase elevates former head of its mortgage banking unit

by Candyd Mendoza22 Apr 2019

JPMorgan Chase has announced the promotion of mortgage veteran Jennifer Piepszak, the firm’s chief executive officer of card services business, to chief financial officer and as a member of its operating committee, starting May 1, 2019.

As CFO, Piepszak will be responsible for several divisions, including JPMorgan’s finance and business management, chief investment office, and chief administration office.

Piepszak has held other executive roles at the bank. Before leading the company’s card services, she served as CEO of the business banking unit, as well as CFO of mortgage banking and controller of mortgage banking and retail financial services.

“Jennifer Piepszak is an enormously talented executive who has greatly strengthened the world-class card services business we have today,” said JPMorgan Chase CEO Jamie Dimon. “Even more importantly, she is a first-class leader and partner who has excelled over the past 25 years in increasingly critical business and finance roles across our corporate and investment bank and consumer and community Banking businesses.”

Piepszak will assume the position from Marianne Lake, who will work as chief executive officer of consumer lending, which includes card services, home lending, and auto finance.

“I’ve had the privilege of working closely with both Jenn and Marianne for many years,” Gordon Smith, co-president and chief operating officer of JPMorgan. “They are truly exceptional talents who will not only build on our company’s successes but also help us to accelerate our strong momentum in serving customers and communities in the future.”