JPMorgan, Comerica, U.S. Bank: Bankers on the Move
Some banks named new chief executives in recent weeks, while others laid the groundwork for future successions.
At JPMorgan Chase, Chief Financial Officer Marianne Lake was named CEO of the bank’s consumer lending division, and Jennifer Piepszak, currently CEO of card services, was chosen to succeed Lake as CFO. Lake had been rumored as a possible successor someday to CEO Jamie Dimon, and this announcement seemed to be another milestone in her pursuit of the job. However, Piepszak now could be in the mix, too, along with Lake and others.
Meanwhile, Comerica in Dallas picked the successor to its longtime CEO Ralph Babb — it was Curtis Farmer, president of Comerica Bank and its holding company. Farmer had been viewed as the heir apparent for at least four years.
Opus Bank also got a new leader, tapping Paul Taylor as its president and CEO. Taylor recently served as president and CEO of Guaranty Bancorp in Denver.
Meanwhile, Royal Bank of Scotland CEO Ross McEwan announced he would be stepping down within a year, sparking speculation about his replacement.
While all that was going on, other financial services firms hired or promoted executives to run digital operations, strategy and anti-fraud efforts.
Scroll down to see the highlights of key executive moves in banking of the past month.