Marianne Lake

Last updated
Marianne Lake
Bornc. 1969 (age 5455) [1]
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]

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.