In 2018, Lake led the corporate's investor convention, giving an overview of the firm as well as updates for each of JPMorgan's four important business segments - a job traditionally reserved for Dimon and the CEOs of every division.
He believes such initiatives have made JPMorgan Chase a greater company. Marianne Lake, who served because the financial institution's chief monetary officer, was moved to guide the consumer-banking division final 12 months—a transfer that is thought to offer her retail banking experience she would wish within the high function.
Throughout the late nineteenth century, a interval when the U.S. railroad trade experienced rapid overexpansion and heated competition (the nation's first transcontinental rail line was accomplished in 1869), Morgan was heavily involved in reorganizing and consolidating numerous financially troubled railroads.
Splitting the roles of the CEO and chairman typically works properly in small firms, the place communication between the chief government and chair is comparatively uncomplicated and the quantity of information the chairman has to absorb is modest. JPMorgan Chase may even announce a $500,000 grant to Seattle Schools to assist ladies and college students of color pursuing technology careers, beginning within the ninth grade, partnering with Seattle Public Faculties and Computing for All.