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JPMorgan Chase Appoints Jennifer Piepszak Chief Financial Officer; Marianne Lake Named Chief Executive Officer of Consumer Lending – Encompassing Card Services, Home Lending and Auto Finance

NEW YORK–(BUSINESS WIRE)–JPMorgan Chase & Co. (NYSE:JPM) announced today that Jennifer Piepszak,
currently Chief Executive Officer of its Card Services business, will
become Chief Financial Officer for the company and a member of its
Operating Committee, effective May 1, 2019. Ms. Piepszak succeeds
Marianne Lake, who will become Chief Executive Officer of Consumer
Lending, which includes Card Services, Home Lending and Auto Finance.

“Jennifer Piepszak is an enormously talented executive who has greatly
strengthened the world-class Card Services business we have today,” said
Jamie Dimon, CEO of the firm. “Even more importantly, she is a
first-class leader and partner who has excelled over the past 25 years
in increasingly critical business and finance roles across our Corporate
and Investment Bank and Consumer & Community Banking businesses.”

“Marianne Lake has served with distinction as our firm’s CFO and as a
deeply knowledgeable and trusted partner to me and my colleagues,” Dimon
said. “We are fortunate to have such an extraordinary executive taking
the helm of our Consumer Lending businesses, a part of the firm she
knows extremely well having acted as CFO of Consumer & Community Banking
from 2009-2012.”

Gordon Smith, Co-President and Chief Operating Officer, and CEO of
Consumer & Community Banking, added: “I’ve had the privilege of working
closely with both Jenn and Marianne for many years. They are truly
exceptional talents who will not only build on our company’s successes,
but also help us to accelerate our strong momentum in serving customers
and communities in the future.”

As head of the Office of the CFO, Ms. Piepszak will report to Jamie
Dimon and be responsible for a number of areas, including Finance &
Business Management, the Chief Investment Office, and the Chief
Administrative Office. Prior to heading Card Services, Ms. Piepszak
served as CEO of the firm’s Business Banking unit, and prior to that she
held a variety of other senior roles, including CFO of Mortgage Banking
and Controller of Mortgage Banking and Retail Financial Services. She
joined JPMorgan Chase in 1994 and held a variety of roles in the
Corporate & Investment Bank as well.

As head of Consumer Lending, Ms. Lake will be responsible for leading
Card Services, Home Lending and Auto Finance, reporting to Co-President
Gordon Smith and continuing as a member of the company’s Operating
Committee. Prior to becoming CFO of the firm, Ms. Lake was CFO of
Consumer & Community Banking. She served as the Investment Bank’s Global
Controller from 2007 to 2009 and held a number of roles in the Consumer
Bank and Investment Bank in New York and London since joining the firm
in 1999. Ms. Lake started her career as a chartered accountant at
PricewaterhouseCoopers in their London and Sydney offices.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.7 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
and asset management. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of customers 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.

Contacts

Investor Contact:
Jason Scott
212-270-2479

Media Contact:
Joseph Evangelisti
212-270-7438

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