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JPMorgan Chase shuffles top leaders as the race to succeed Jamie Dimon drags on

JPMorgan Chase announced executive changes on Thursday, indicating shifts in potential leadership roles for those seen as contenders to succeed CEO Jamie Dimon. Jennifer Piepszak, formerly co-head of the consumer bank, now takes on the role of co-head in the commercial and investment bank alongside Troy Rohrbaugh. Marianne Lake, former co-head of consumer banking, has transitioned to become its sole CEO. The adjustments are aimed at providing Piepszak and Lake with more experience as contenders for the top spot at the nation’s largest bank. The bank has not clarified if there is a front-runner for Dimon’s position after these changes. Dimon, considered a top banker, has been subject to retirement speculation, with several deputies moving on to lead other organizations. The shortlist for potential successors includes Rohrbaugh, global payments chief Takis Georgakopoulos, and Piepszak and Lake, both of whom have served as CFOs. The changes also involve integrating operations previously led by Doug Petno into the new commercial and investment bank led by Piepszak and Rohrbaugh, while Daniel Pinto relinquishes his CEO role in the corporate and investment bank while remaining the bank’s president and chief operating officer.

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