The Presidential Daily Brief


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    Has JPMorgan Anointed Its Next CEO?

    The American investment bank has shuffled CFO Marianne Lake into a new role running its consumer lending division — a move some believe sets up the 49-year-old to become the first woman to head a Wall Street bank. Analysts say Lake’s new job will provide her with the necessary operational and executive experience to eventually replace CEO Jamie Dimon, while one source claims she and her replacement at CFO, Jenn Piepszak, are “front runners for the longer term.”

    Who’s her boss now? While reporting to COO Gordon Smith, Lake still has significant influence over the bank’s overall direction as a member of its operating committee.

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