General World News

JPMorgan just placed finance chief Marianne Lake in charge of a new consumer lending unit and it could be a sign she’s the CEO frontrunner

J.P. Morgan CFO Marianne Lake

  • JPMorgan CFO Marianne Lake has a new role in charge of an expanded consumer lending business.
  • It will be the first time running a business for Lake, who is considered to be a frontrunner to replace CEO Jamie Dimon when he retires.

JPMorgan shuffled management Wednesday, taking the chief financial officer and placing her in charge of an expanded consumer lending business and taking the head of cards and making her CFO.

The bank said Marianne Lake, the CFO, would now be in charge of credit cards, autos and mortgage lending. She’ll report to consumer banking chief and co-president Gordon Smith, read more >>>

Source:: BusinessInsider.Com