JPMorgan Chase Appoints Marianne Lake Chief Financial Officer; Doug
Braunstein Named a Vice Chairman of the Company
NEW YORK -- November 19, 2012
JPMorgan Chase & Co. (NYSE: JPM) announced today that Marianne Lake, currently
Chief Financial Officer of its Consumer & Community Banking business, will
become Chief Financial Officer for the company and a member of it Operating
Committee, effective early next year. Ms. Lake will succeed Doug Braunstein,
who will become a Vice Chairman of the company following Ms. Lake’s transition
into the CFO position in first quarter 2013.
“Marianne Lake is an outstanding choice for this critically important role,”
said Jamie Dimon, Chairman and CEO, noting that “she has developed an
impressive breadth of knowledge and experience in finance across both our
wholesale and our consumer businesses -- in the United States and around the
world. Marianne will be an excellent successor to Doug Braunstein, an
outstanding colleague who I want to thank for his hard work and dedication in
the CFO role. Doug is a highly experienced and respected banker and an
exceptional client-facing executive, who in this new role will work alongside
our investment bankers to further strengthen the capabilities of our
world-class Corporate & Investment Bank.”
Ms. Lake is currently CFO of JPMorgan Chase’s Consumer & Community Banking
unit, one of the largest financial services businesses in the United States.
Prior to taking on that role, she served as Global Controller of the
Investment Bank from 2007 to 2009. From 2004 to 2007, she was in the Corporate
Finance group managing global finance infrastructure and controls functions.
Prior to 2004, she was the Senior Financial Officer for the company in the
United Kingdom. Ms. Lake started her career as a chartered accountant at
PriceWaterhouseCoopers in their London and Sydney offices.
In his new role, Mr. Braunstein will focus on serving top clients of the firm
– drawing on his years of expertise and experience in key client coverage
roles in our Investment Bank. Prior to taking on his CFO role in June 2010,
Mr. Braunstein served as head of Investment Banking Americas from 2008, and
prior to that, he held several other senior Investment Banking positions,
including head of Investment Banking Coverage and M&A.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.3 trillion and operations in more than 60 countries. The
firm is a leader in investment banking, financial services for consumers,
small business and commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Sarah M. Youngwood, 212-270-7325
Joe Evangelisti, 212-270-7438
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