Marianne Lake

Marianne Lake
Bornc. 1969 (age 55–56)[1]
Cumberland, Maryland, U.S
EducationUniversity 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

  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. ^ a b "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. ^ a b 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.