Marianne Lake

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Marianne Lake
Bornc. 1969 (age 54–55) [1]
Cumberland, Maryland, U.S
Education University of Reading (BS)
Occupation(s)CEO of Consumer Lending, JPMorgan Chase (2019-present)
CFO, JPMorgan Chase (2012-2019)

Marianne Lake (born 1969) is a senior British-American banker.

Contents

Early life and education

Lake was born to an American mother and English father, and has dual nationality. [2]

Lake has said that she aimed high - encouraged by her mother - from an early age. [3]

She did her bachelor's degree in physics from the University of Reading in United Kingdom. [4]

Career

Lake trained as a Chartered Accountant from Institute of Chartered Accountants in England and Wales at PwC [5] and worked for the firm in London and Sydney.

She joined JPMorgan Chase in 1999. [6] She initially worked in London, moving to New York in 2004, [7] and in various roles in the finance functions within the bank. [8] Lake was chief financial officer [9] from 2013 to 2019. [10] She was chief executive officer of consumer lending from 2019 to 2021. [11] [12] In 2021 Lake and Jennifer Piepszak were named heads of the consumer and community bank. [13] In 2024 she became sole CEO of this business. [14] In January 2024, following a re-shuffle at JP Morgan Chase, Lake was tipped in the media as a likely successor to Jamie Dimon as CEO of the global firm. Lake is a member of the JPMorgan Chase Operating Committee.

Lake has emphasized JPMorgan Chase's role as a technological innovator. [15]

Lake co-founded the Women on the Move initiative within JPMorgan Chase. [16] [17] [18]

Recognition

She was ranked 23rd on Fortune 's list of Most Powerful Women in 2023. [19] In 2024, American Banker recognized Lake as the No. 2 Most Powerful Woman in Banking.

Personal life

At age 41 Lake decided to have her three children through a surrogate even though she didn't have a partner. [7] [20] [3]

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References

  1. ↑ "Executive Profile | JPMorgan Chase & Co | Marianne Lake | Customer Intelligence". Archived from the original on 2016-11-17. Retrieved 2022-07-12.
  2. ↑ "Executive Profile | JPMorgan Chase & Co | Marianne Lake | Customer Intelligence". 2016-11-17. Archived from the original on 2016-11-17. Retrieved 2024-01-31.
  3. 1 2 "Power 100 Q&A: Marianne Lake". October 1, 2015.
  4. ↑ JPMorgan Chase & Co (December 31, 2016). "2016 Senior Management Biographies" (PDF). JPMorganChase.com. JPMorgan Chase & Co. Retrieved October 6, 2018.
  5. ↑ UK, ICAEW (6 October 2018). "ICAEW Members list'". ICAEW website. Retrieved 6 October 2018.
  6. ↑ Benoit, David. "JPMorgan gives new roles to women seen as potential Dimon successors". www.fnlondon.com.
  7. 1 2 Bess Levin (May 29, 2013). "MC@Work: Wall Street's Woman on Top". Marie Claire Magazine.
  8. ↑ "Marianne Lake". www.jpmorganchase.com.
  9. ↑ Fitzpatrick, Daniel (19 November 2012). "J.P. Morgan Names Lake as CFO". The Wall Street Journal. Retrieved 5 June 2016.
  10. ↑ She replacing Douglas Braunstein. Blythe Masters and Lou Rauchenberger were also considered for the role.
  11. ↑ "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". JPMorgan Chase . Retrieved April 17, 2019.
  12. ↑ Wang, Christine; Frost, Wilfred (April 17, 2019). "JP Morgan names new CFO, and Marianne Lake moves to top consumer lending role". CNBC . Retrieved April 17, 2019.
  13. ↑ Kelly, Kate (May 18, 2021). "JPMorgan Chase elevates two women to senior positions, fueling succession talk" – via NYTimes.com.
  14. ↑ "JPMorgan Chase Announces Expanded Roles for Top Executives". www.jpmorganchase.com.
  15. ↑ Crowe, Portia (23 February 2016). "JPMORGAN: 'We are a technology company'". Business Insider. Retrieved 5 June 2016.
  16. ↑ "Women on the Move". www.jpmorganchase.com.
  17. ↑ "JPMorgan Chase Announces the Expansion of Women on the Move". www.jpmorganchase.com.
  18. ↑ "Most Powerful Women in Banking: No. 2, Marianne Lake, JPMorgan Chase". American Banker. 2022-10-05. Retrieved 2024-01-31.
  19. ↑ "Most Powerful Women". Fortune .
  20. ↑ "Marianne Lake". Forbes.
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