JPMorgan names Jennifer Piepszak, Troy Rohrbaugh as co-CEOs of C&I Bank

JPMorgan on Thursday announced that Jennifer Piepszak, Co-CEO of Consumer and Community Banking, and Troy Rohrbaugh, Co-head of Markets and Securities Services, will become Co-CEOs of the expanded Commercial & Investment Bank. Doug Petno, CEO of the Commercial Bank, will lead an expanded Commercial Banking business, which will also encompass the Global Corporate Banking group. Viswas Raghavan, Co-head of Global Investment Banking, will become sole head of the Global Investment Banking franchise, while his partner, Jim Casey, has informed the company of his desire to take on a new role in the firm, which will be announced shortly. Marc Badrichani, Co-head of Markets and Securities Services, has informed the company of his desire to pursue outside opportunities. Jason Sippel and Pranav Thakur will become Co-heads of the company’s Markets Trading business. Tim Fitzgerald will continue to lead Securities Services and Takis Georgakopoulos, Head of Global Payments, will continue to lead that business. Marianne Lake, Co-CEO of CCB, will become sole CEO of that business. Mary Erdoes remains CEO of Asset & Wealth Management. “JPMorgan Chase is stronger today than it has ever been, and this is thanks to our hundreds of thousands of employees and our superb senior management team. I am also particularly blessed to have an exceptional partner in Daniel Pinto, our President and COO,” said Jamie Dimon, Chairman and CEO.