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JPMorgan Chase was responsible for the international expansion of its consumer business to Marianne Lake, which raised her as one of the candidates for Jimmy Damon behind the management of the largest bank in the world.
This step was announced to employees on Tuesday, along with Sanoke Viswanathan, who leaves JPMorgan to become the CEO of the US financial data provider.
Viswanathan served as CEO of international consumers and wealth at the bank, organizing the launch of its digital work in the United Kingdom.
Jpmorgan The retail banking market in the United Kingdom entered four years ago, as the current savings accounts were provided to British consumers through Chase UK Digital, in addition to obtaining the director of digital wealth Nutmeg.
But its efforts to expand the operation of digital consumers in Germany, which is a competitive revenue market and competition for retail banking services, was suffering from delay.
Lake, who is seen as one of three prominent competitors in behind Damon as the CEO of JPMorgan, will add to the international consumer’s work to its current role as head of the consumer and community department at the bank.
Daniel Pinto supervised the international consumers’ business, which was steadily handing over executive responsibilities before he stepped as head of the bank next month to become the Vice President.
In addition to its operation in the United Kingdom, JPMorgan has a 46 percent stake in the Brazilian digital bank C6. International retail sales combined 27.6 billion dollars of deposits at the end of last year, an increase of 21.8 billion dollars in the previous year. This is a small part of the total deposits of the American Bank, which is more than 2.4 Triots.
Lake, who also bears the responsibility of JPMorgan’s strategic growth office, is among the Dimon candidates alongside Doug Petno and Troy Rohrbau, the shared farewell of its vast and investment bank.
But Damon, the CEO and head of the bank, recently told Fox News that his retirement was “still several years away” and suggested that he could go up to become an executive president. “It is clear, it’s always up to God and the painting,” adding: “I love what I do.”
Diam Pinto said in a memo to the employees that Veswanathan “had an uncomfortable and positive impact” on the bank, which “benefited greatly from his mentality in entrepreneurship.” He is expected to be replaced as head of the International Consumer Bank and in his other roles as head of his international private bank and work in the workplace.
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