JPMorgan Chase COO Daniel Pinto to Retire

JPMorgan Chase's President and Chief Operating Officer, Daniel Pinto, has announced his decision to step down from his roles by June 30, 2025, as he prepares for retirement at the end of 2026. Jenn Piepszak has been appointed as the new COO, effective immediately, and will oversee various corporate functions while working closely with Pinto during the transition. Doug Petno will replace Piepszak as Co-CEO of the Commercial & Investment Bank, partnering with Troy Rohrbaugh. The changes come as part of a broader leadership realignment within the bank, which has already seen several high-profile departures. Both Marianne Lake and Mary Erdoes will retain their current positions in the organization. This restructuring follows a previous reshuffle by CEO Jamie Dimon last year, raising speculation about future leadership within the bank.