In a statement released this week, the banking giant announced a reshuffle of top executives to “position the firm for the future.”
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00:00 JP Morgan has released a statement this week dropping hints about who may be Jamie Dimon's
00:04 successor. The bank announced a reshuffle of top executives to position the firm for the future.
00:08 Right now the frontrunners are reported to be Jennifer Pipsack, co-CEO of Consumer and Community
00:13 Banking or CCB, and Marion Lake, the second co-CEO of CCB. However, sources told Bloomberg
00:19 in December that the two would need to widen their responsibilities before being ready to
00:23 run the whole company. And the current reshuffling may be a move to line up these executives to one
00:27 day take the helm. But Dimon, who is almost 68 years old, has given no signs of wanting to
00:31 retire. He was paid a record $36 million in 2023 and has an agreement with the firm to stay until
00:36 at least 2026.