JPMorgan COO Daniel Pinto Retires

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JPMorgan Chase

CNBC

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Business

Business & Economics

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

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Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months .

Pinto, who has worked at JPMorgan and predecessor firms for more than four decades , will cease being COO and president in June and retire at the end of 2026 .

The company's new COO is Jennifer Piepszak , the co-head of the commercial and investment bank who along with consumer banking chief Marianne Lake was widely seen as a top contender to succeed CEO Jamie Dimon .

But as part of the announcement, the company took the unusual step of stating that Piezzak 's intention was to remain in a support role to the CEO.

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