Daily News: January 30, 2018

JPMorgan Appoints Pinto, Smith as Co-COOs

Daniel Pinto, CEO of JPMorgan’s Corporate & Investment Bank, and Gordon Smith, CEO of JPMorgan’s Consumer & Community Banking, were appointed co-presidents and co-chief operating officers of the company.

They will continue to report to Jamie Dimon, chairman and CEO. In addition to their current roles, Pinto and Smith will work closely with Dimon to pursue critical firm-wide opportunities. Responsibilities for the rest of the firm’s operating committee will remain unchanged, with its members continuing to report to Dimon as well.

“While the board of directors and I have agreed that I will continue in my current role for approximately five more years, the promotions we announced today reflect the enormous contributions that Gordon and Daniel have made to the continuing success of our company. Both have proven track records of working successfully across the firm, and both truly possess the capabilities, character and intellect that exemplify great leadership,” Dimon said.

Pinto has spent his entire 35-year career at JPMorgan Chase and has run the Corporate & Investment Bank for the past five years. He started his career as a trader and took on increasing responsibilities in the firm’s Markets business before becoming CEO. Pinto prioritized technology investments across J.P. Morgan, from e-trading and mobile technologies to a wholesale payments business that processes $5 trillion a day.

Smith joined Chase in 2007 after serving as president of Global Commercial Card at American Express. Smith oversaw Chase’s consumer and community banking business, with a focus on payments, banking, home lending, small business lending, auto finance, and merchant services. Along with Pinto, he also managed technology and data firm-wide.