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

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.

Piepszak will succeed Daniel Pinto, a top lieutenant of Dimon and a four-decade veteran at the investment bank. He will relinquish his role as president and COO on June 30 and retire at the end of 2026.