• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

2

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

3

Current price of oil as of June 3, 2026

1

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

2

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

3

Current price of oil as of June 3, 2026
FinanceJamie Dimon

It’s unclear when Jamie Dimon will step down, but the shortlist for his successor points to a monumental shift in banking

Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
Luisa Beltran
By
Luisa Beltran
Luisa Beltran
Finance Reporter
Down Arrow Button Icon
January 30, 2024, 12:48 PM ET
Marianne Lake, CEO of consumer and community banking and Jennifer Piepszak, co-CEO of commercial & investment bank at JPMorgan Chase & Co
Marianne Lake, CEO of consumer and community banking and Jennifer Piepszak, co-CEO of commercial & investment bank at JPMorgan Chase & CoCourtesy of JPMorgan Chase & Co

Only one woman—Jane Fraser at Citigroup—has ever led a top U.S. bank. Could the second do so at JPMorgan Chase?

Recommended Video

Until Jamie Dimon leaves his CEO post, rumors of his successor will dominate Wall Street small talk and constantly pop up on Bloomberg Television and CNBC, where he’s a frequent guest. His departure, to be clear, isn’t imminent—he received a bonus in 2021 north of $50 million designed to keep him in place until 2026—and he’s still enjoying his role, with one person familiar telling Fortune, “He loves it. He absolutely loves it.”

Helping build the largest U.S. bank by assets—about $3.9 trillion, as of Dec. 31—has included shepherding JPMorgan through a series of challenges, including the 2007–2008 financial crisis, and scooping up the distressed First Republic Bank last year. His impact has been undeniable: JPM shares are up more than 337% since he took over in January 2006.

Keeping that winning streak going won’t be easy. But Marianne Lake or Jennifer Piepsza, both of whom were described by a former coworker as “terrific” and wonderful leaders, could be asked to fill those shoes. “I had the good fortune to work for [Piepszak] directly and indirectly in my early career, and learned so much, including the importance of paying it forward,” the executive added.

Piepszak is a 29-year veteran of JPMorgan, a tenure that includes serving as CFO from May 2019 to May 2021. Lake has been there for 20 years in a variety of roles that included CEO of consumer lending, from 2019 to 2021, and CFO, from 2013 to 2019.

Each was tipped as a possible Dimon successor in 2021 when they were named as co-CEOs of consumer and community banking, or CCB, a division with $643 billion in assets as of 2023. Just last week, the bank announced role changes for both Piepszak and Lake, the latter of whom now will be sole CEO of CBB, which serves some 80 million consumers and 6 million small businesses.

Fraser, who assumed the top spot at Citi in March 2021, has said that though she may be the first female CEO of a major global bank, she hopes and expects there will be others soon.

Carole Crawford, founder of Fincap 360 and global board chair of the nonprofit 100 Women in Finance, or 100WF, said the possibility of a woman succeeding Dimon was exciting. “The multiplier effect can be extremely powerful—every woman added to the C-suite results in four additional women in senior leadership,” Crawford said. “Given the size and prominence of JPM, having a woman at the helm could be impactful throughout the industry.”

Women run barely 10% of Fortune 500 companies, so the largest U.S. bank selecting either Piepszak or Lake would be especially noteworthy. But they aren’t the only ones in contention.

In March 2020, when Dimon had emergency heart surgery, it was Daniel Pinto, along with Gordon Smith, both co-presidents and co-COOs at the time, who stepped in and ran the bank for a few months. Dimon called Pinto “an exceptional partner” in the bank’s Jan. 25 statement on executive role changes. (Smith left the bank in 2022.)

“Daniel and his team have built the finest Corporate and Investment Bank in the world, and now we can increasingly take advantage of his extraordinary capabilities across the firm as we continue to jointly manage the company, with his focus on the execution of our lines-of-business priorities,” Dimon said.

Another possible successor is Troy Rohrbaugh, who along with Piepszak is becoming co-CEO of an “expanded Commercial & Investment Bank, which will bring together our major wholesale businesses of Global Investment Banking, Commercial Banking, Corporate Banking as well as Markets, Securities Services and Global Payments,” the company said. Rohrbaugh is a 19-year JPM veteran.

“Troy is a fantastic risk manager,” one longtime collegue told Fortune, “but more importantly, he’s down-to-earth and very approachable, which most people don’t associate with a Wall Street trading head.”

About the Author
Luisa Beltran
By Luisa BeltranFinance Reporter
LinkedIn icon

Luisa Beltran is a former finance reporter at Fortune where she covers private equity, Wall Street, and fintech M&A.

See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Mortgage rates today, June 4, 2026
Personal Financemortgages
Mortgage rates today, June 4, 2026
By Glen Luke FlanaganJune 4, 2026
3 hours ago
Current refi mortgage rates report for June 4, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 4, 2026
By Glen Luke FlanaganJune 4, 2026
3 hours ago
Current ARM mortgage rates report for June 4, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for June 4, 2026
By Glen Luke FlanaganJune 4, 2026
3 hours ago
paceX and Tesla founder Elon Musk speaks during an America PAC town hall on October 26, 2024 in Lancaster, Pennsylvania.
HealthSpaceX
SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation
By Eva RoytburgJune 3, 2026
13 hours ago
This NYC bar just covered everyone’s tabs because the Knicks won, and used Kalshi to hedge their bets
InvestingSports
This NYC bar just covered everyone’s tabs because the Knicks won, and used Kalshi to hedge their bets
By Catherina GioinoJune 3, 2026
13 hours ago
Andy Jassy speaks in front of a black and blue background.
FinanceFortune 500
What is a Fortune 500 company? The story behind the list
By Sasha RogelbergJune 3, 2026
14 hours ago

Most Popular

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
By Sasha RogelbergJune 3, 2026
21 hours ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
3 days ago
Current price of oil as of June 3, 2026
Personal Finance
Current price of oil as of June 3, 2026
By Joseph HostetlerJune 3, 2026
22 hours ago
Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling
North America
Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling
By Katie Savin, Callie Freitag, Matthew Borus and The ConversationJune 2, 2026
2 days ago
Southwest exec says the free bag and assigned seating overhaul is already paying off
Travel & Leisure
Southwest exec says the free bag and assigned seating overhaul is already paying off
By Preston ForeJune 2, 2026
1 day ago
Current price of oil as of June 2, 2026
Personal Finance
Current price of oil as of June 2, 2026
By Joseph HostetlerJune 2, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.