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JPMorgan Chase has introduced that Daniel Pinto, a prime lieutenant to chief govt Jamie Dimon, will relinquish his duties as chief working officer on the finish of June and retire by the tip of 2026.
Pinto will likely be changed as COO by Jenn Piepszak, the co-chief govt of the industrial and funding financial institution, with impact instantly, Dimon wrote in a memo to employees on Tuesday, seen by the Monetary Instances.
Dimon mentioned Pinto, who has labored on the financial institution for greater than 40 years, had knowledgeable him of his determination to retire on the finish of subsequent yr, however will transition his duties within the coming months.
The transfer comes a number of months after Dimon reshuffled senior leaders on the financial institution, sparking a number of high-profile departures of executives near Pinto.
JPMorgan didn’t instantly reply to a request for remark.
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