JPMorgan Chase on Thursday said several executives considered frontrunners to one day take over for CEO Jamie Dimon had new or expanded roles.
Jennifer Piepszak, co-head of JPMorgan's giant consumer bank, will now became co-head of the firm's commercial and investment bank along with Troy Rohrbaugh, a veteran leader of the bank's trading operations.
Piepszak's former partner, Marianne Lake, will transition from consumer banking co-head to being its sole CEO, JPMorgan said.
The moves should give Piepszak and Lake more experience as the long-running succession race atop the nation's largest bank drags on.
The running joke within JPMorgan is that for Dimon, considered the top banker of his generation, retirement is always five years away.
Persons:
JPMorgan Chase, Jamie Dimon, Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, Dimon, Takis Georgakopoulos, Doug Petno, Daniel Pinto
Organizations:
JPMorgan
Locations:
Piepszak