Petno named CEO of the Commercial & Investment Bank
Rohrbaugh named CEO of Consumer and Community Banking
JPMorgan Chase & Co. announced that Doug Petno and Troy Rohrbaugh, Co-CEOs of the Commercial & Investment Bank (“CIB”), have been named Co-Presidents of the company, effective immediately. In addition to their new roles, Petno will become sole CEO of the CIB, and Rohrbaugh will become CEO of Consumer and Community Banking (“CCB”).
The promotions of Petno and Rohrbaugh to Co-Presidents and sole CEOs of the company’s two largest businesses are part of the Board’s ongoing succession planning process to ensure continued exceptional leadership at the highest levels of the company.
Marianne Lake, currently CEO of CCB, has decided to retire from the company after more than 25 years of outstanding service. Lake will work with Rohrbaugh and other senior executives over the coming weeks to help ensure a smooth transition.
“The changes mark an important step in our Board’s thoughtful process around succession planning and development of our top leaders,” said Jamie Dimon, Chairman and CEO. “We are fortunate to have in place an exceptional group of senior leaders, not only at our Operating Committee level but across our organization, and I’ve never been more excited about the future of JPMorganChase.”
“The decision to elevate Doug and Troy to Co-Presidents and heads of the company’s two largest businesses reflects the Board’s confidence in their extraordinary leadership capabilities, business performance, relationships, experience and commitment to always doing the right thing,” Dimon said.
Dimon added: “Marianne Lake has served our company with distinction for more than 25 years as head of CCB, Chief Financial Officer, a member of the Operating Committee and other key roles. She has been an outstanding partner and friend and has dedicated her career to championing our people and customers, building world-class businesses and delivering results, always with unquestioned integrity. We will miss her and wish her all the best in the future.”
Other leadership roles, including Mary Erdoes, CEO of Asset & Wealth Management, and Jennifer Piepszak, Chief Operating Officer, remain unchanged. The two new Co-Presidents, as well as Erdoes and Piepszak, will continue to report to Dimon.
Source: JPMorgan Chase
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
All 32 banks tested remained above their minimum common equity tier 1 capital requirements.
-
Project Pangea brings together dozens of global financial institutions from across Europe and South Korea.
-
Establishment of the branch is part of Northern Trust’s broader European expansion strategy
-
The digital depositary receipts use blockchain infrastructure operated by SIX to tokenize private shares.
-
2026 is expected to be a pivotal year amongst competing models for global money movement.