JPMorgan Chase & Co. on Tuesday named Jennifer Piepszak its new chief operating officer, but the company’s four major department heads remain more likely successors to Chief Executive Jamie Dimon to head up the largest U.

Jennifer Piepszak brings a wealth of expertise to her new role. She served as JPMorgan's Chief Financial Officer from 2019 to 2021 before becoming co-CEO of the commercial and investment bank.

Pinto, who has worked at JPMorgan and a predecessor firm for more than four decades, will cease being COO and president in June and retire at the end of 2026, the bank said. This