JPMorgan Chase, CEO Jamie Dimon has dropped two senior women's women as their potential successors.
Marianne Lake will take on a new role and lead the bank's consumer lending business, which includes card services, mortgages and auto financing. She will go down as the bank's finance director, which is effective on May 1.
She will be succeeded by JPMorgan's current CEO of card services, Jennifer Piepszak, who is now also leading the bank when Dimon goes aside. 19659002] "I am proud of the two," Dimon told Thursday FOX Business & # 39; Maria Bartiromo. "Marianne Lake is just an exceptional finance director."
Piepszak will also join Lake as part of the bank's top management board.
"[Piepszak] has been in the finance function all over the company and becomes the new finance director. And as Marianne has her character, talent and brains, and is trusted by people, Dimon said.
Dimon said it was a part of the company's success plan that there were mixed responsibilities and roles in the Operations Committee. 1
Dimon, 63, intends to run the largest US bank for at least five other years. He earned praise from investors to lead the bank out of the financial crisis and has recently played out new investments in education and training programs.
He also established himself in Washington D.C. as a lawyer for business and also head of Business Roundtable. Dimon has refurbished speculation that he is interested in a bureau that goes down the road.
Talking about FOX Business, Dimon discussed JPMorgan Chase's creation of AdvancingCities, a new $ 500 million program to create greater financial opportunity in cities worldwide. Five cities, Chicago, Louisville, Miami, San Francisco and Syracuse, will receive $ 3 million each over five years.
"This special money goes to a bunch of local non-profits that make work-ability measures in lower and middle-income neighborhoods to get kids both jobs and knowledge about jobs, workout training and also what they need to do to get – succeed, said Dimon from Louisville, Kentucky.
CLICK HERE TO GET FOX BUSINESS APP  Dimon noted that JPMorgan Chase has a great presence in places like Louisville where communities need a lot of help to establish affordable housing and improve work skills.
"It just really seems if local authorities, think of the mayor, schools, community, we hear Metro United Way and business leaders come together and say," here's what we want to do for our community. " "