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Marianne Lake - Wikipedia

From Wikipedia, the free encyclopedia

Marianne Lake
Born	c. 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.

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]

References

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

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