Unlock Editor’s Digest for free
Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter.
JPMorgan Chase announced that Daniel Pinto, assistant chief executive officer to Jamie Dimon, will leave his duties as chief operating officer at the end of June and retire by the end of 2026.
Pinta will be replaced as chief operating officer by Jenn Piepszak, co-chief executive officer of the commercial and investment bank, effective immediately, Dimon wrote in a staff memo Tuesday, seen by the Financial Times.
Dimon said Pinto, who has worked at the bank for more than 40 years, has informed him of his decision to retire at the end of next year, but that he will transition his responsibilities in the coming months.
The move comes a few months after Dimon reconstructed senior leaders at the bank, prompting several high-profile departures of executives close to Pinto.
JPMorgan did not immediately respond to a request for comment.
This is a developing story
