Marianne Lake Career Path and JPMorgan Leadership Roles

Marianne Lake's career path is a testament to her exceptional leadership skills and dedication to the financial industry. She began her journey at JPMorgan in 1986.

As a seasoned executive, Marianne Lake has held various leadership roles within the company, including Chief Financial Officer (CFO). Her tenure as CFO was marked by significant accomplishments, such as leading the bank's financial planning and analysis team.

Throughout her career, Marianne Lake has demonstrated a keen ability to navigate complex financial systems and drive strategic growth. Her expertise in finance has been invaluable to JPMorgan, and her leadership roles have had a lasting impact on the company's success.

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Marianne Lake is the Chief Financial Officer of Visa, a position she has held since 2016.

She has over 25 years of experience in the financial industry, with a strong background in finance and accounting.

Marianne Lake joined Visa in 2006 as the company's Executive Vice President and Chief Financial Officer of the Americas.

Her leadership and expertise played a key role in the company's growth and success.

Lake has also served as the company's Executive Vice President and Treasurer since 2008.

She has been instrumental in shaping the company's financial strategy and direction.

In 2016, Marianne Lake was promoted to Chief Financial Officer of Visa, a position she has held ever since.

Her dedication and commitment to the company have been invaluable to its continued success.

Jennifer Piepszak has been named co-head of JPMorgan's Consumer & Community Banking unit, effective immediately.

She will be responsible for home lending, auto finance, small business, and US wealth management business, along with Chase consumer banking and credit card businesses.

Both Piepszak and Marianne Lake, the head of the bank's consumer lending business and former chief financial officer, will report to Gordon Smith until he retires at the end of the year.

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Daniel Pinto will assume sole ownership of co-president and co-chief operating officer titles after Smith's retirement.

Jeremy Barnum will succeed Piepszak as the firm's chief financial officer.

Piepszak and Lake are both 51 years old and have been promoted to the bank's second-most important post, signaling Jamie Dimon's potential interest in choosing a woman to lead the country's biggest bank by assets after he retires.

Dimon has led JPMorgan Chase since 2005 and is the longest-tenured leader on Wall Street.

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Marianne Lake is stepping down as CFO to head the bank's consumer lending division, a move that sets her up to be tapped as the next CEO.

She will report to Gordon Smith, the bank's co-president and chief operating officer, and will still have a major say over the company's overall direction.

Lake will oversee the bank's credit cards, home lending, and auto services, which took in $13.8 billion in revenue last quarter.

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JPMorgan's CEO, Jamie Dimon, has been in the role since 2005, and Lake is being positioned as a potential successor.

Dimon has said it's "very possible" and "honestly likely over a longer period of time" that a woman will succeed him, and that Lake is "exceptional".

Lake is being succeeded in the CFO role by Jenn Piepszak, the CEO of the bank's card services business, who is also a woman.

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