Marianne Lake Explained

Marianne Lake
Birth Date:c. [1]
Birth Place:Cumberland, Maryland, U.S
Occupation:CEO of Consumer Lending, JPMorgan Chase (2019-present)
CFO, JPMorgan Chase
Education:University of Reading (BS)

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 Fortunes 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]

Notes and References

  1. Web site: Executive Profile | JPMorgan Chase & Co | Marianne Lake | Customer Intelligence . 2022-07-12 . 2016-11-17 . https://web.archive.org/web/20161117151640/https://www.boardroominsiders.com/executive-profiles/10282/JPMorgan-Chase-%26-Co/Marianne-Lake . dead .
  2. Web site: 2016-11-17 . Executive Profile JPMorgan Chase & Co Marianne Lake Customer Intelligence . 2024-01-31 . https://web.archive.org/web/20161117151640/https://www.boardroominsiders.com/executive-profiles/10282/JPMorgan-Chase-&-Co/Marianne-Lake . 2016-11-17 .
  3. Web site: Power 100 Q&A: Marianne Lake. October 1, 2015.
  4. Web site: 2016 Senior Management Biographies . JPMorgan Chase & Co . JPMorgan Chase & Co . December 31, 2016 . JPMorganChase.com . October 6, 2018.
  5. Web site: ICAEW Members list'. UK. ICAEW. 6 October 2018. ICAEW website. 6 October 2018.
  6. Web site: JPMorgan gives new roles to women seen as potential Dimon successors. David. Benoit. www.fnlondon.com.
  7. Web site: MC@Work: Wall Street's Woman on Top. Bess Levin. May 29, 2013. Marie Claire Magazine.
  8. Web site: Marianne Lake. www.jpmorganchase.com.
  9. News: J.P. Morgan Names Lake as CFO. Fitzpatrick. Daniel. 19 November 2012. The Wall Street Journal. 5 June 2016.
  10. She replacing Douglas Braunstein. Blythe Masters and Lou Rauchenberger were also considered for the role.
  11. Web site: 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 . . April 17, 2019.
  12. Web site: JP Morgan names new CFO, and Marianne Lake moves to top consumer lending role . Wang . Christine . Frost . Wilfred . April 17, 2019 . . April 17, 2019.
  13. Web site: JPMorgan Chase elevates two women to senior positions, fueling succession talk.. Kate. Kelly. May 18, 2021. NYTimes.com.
  14. Web site: JPMorgan Chase Announces Expanded Roles for Top Executives. www.jpmorganchase.com.
  15. Web site: JPMORGAN: 'We are a technology company'. Crowe. Portia. 23 February 2016. Business Insider. 5 June 2016.
  16. Web site: Women on the Move. www.jpmorganchase.com.
  17. Web site: JPMorgan Chase Announces the Expansion of Women on the Move. www.jpmorganchase.com.
  18. Web site: 2022-10-05 . Most Powerful Women in Banking: No. 2, Marianne Lake, JPMorgan Chase . 2024-01-31 . American Banker . en.
  19. Web site: Most Powerful Women . . en.
  20. Web site: Marianne Lake. Forbes.

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