JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June – CNBC

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That ignited speculation about who would take over at the largest and most profitable U.S. bank by assets.With Piepszak apparently taking herself out of contention, that leaves Lake, as well as Troy Rohrbaugh, who is co-head of the Commercial & Investment Bank along with Doug Petno, as the likely top contenders to be JPMorgan’s next CEO. They lead the firm’s biggest businesses across Main Street and Wall Street banking.Lake, Pinto, Piepszak, Petno and Rohrbaugh, as well as Mary Erdoes, head of the bank’s asset and wealth management division, report directly to Dimon.Dimon lavished praise on his longtime No. 2, who started out at a predecessor firm to JPMorgan in 1983 as a currency trader in Buenos Aires, Argentina. Pinto rose through the ranks of Wall Street, eventually becoming sole head of the firm’s powerful corporate and investment bank in 2014, and then companywide COO in 2018.”Daniel is a first-class person who I am proud to call a friend, and he has made a truly significant impact on our company for more than 40 years,” Dimon said in a statement.”I can’t thank him enough for his partnership and outstanding stewardship as President and COO, and for building the best, most respected Corporate & Investment Bank in the world,” Dimon said.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
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Source: https://www.cnbc.com/2025/01/14/jpmorgan-chase-coo-daniel-pinto-stepping-down-in-june.html