Pinto, who has worked at JPMorgan and a predecessor firm for more than four decades, will cease being COO and president in June and retire at the end of 2026, the bank said. This

Jamie Dimon's "hit by the bus" heir, Daniel Pinto, is retiring. The incoming chief operating officer, Jennifer Piepszak, doesn't want the CEO role.

JPMorgan Chase & Co. Chief Operating Officer Daniel Pinto said private credit’s financing of small businesses warrants attention, given the booming industry has yet to experience the fallout from an economic deterioration.

And the new COO says she doesn't want the top job.

Piepszak has signaled that she doesn’t want to take the top job at the bank, people close to her said

Piepszak currently serves as co-chief executive officer of JPM’s Commercial & Investment Bank.

Jennifer Piepszak brings a wealth of expertise to her new role. She served as JPMorgan's Chief Financial Officer from 2019 to 2021 before becoming co-CEO of the commercial and investment bank.

She replaces Daniel Pinto, the bank’s longtime No. 2, who will retire in 2026. The move appears to make Piepszak a front-runner to succeed CEO Jamie Dimon.

Doug Petno, Troy Rohrbaugh and Marianne Lake are the three top contenders to succeed JPMorgan Chase CEO Jamie Dimon, according to a report.

The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.

JPMorgan (JPM) announced new responsibilities for several senior executives as it continues to build on its leadership positions across global

Piepszak, who currently serves as co-CEO of the commercial and investment bank, will succeed Daniel Pinto, a top lieutenant of Dimon and a four-decade veteran at JPMorgan.