Jan 14 (Reuters) -

JPMorgan Chase ( JPM ) on Tuesday promoted insider Jennifer

Piepszak, seen as a strong contender for CEO Jamie Dimon's role,

as its chief operating officer in place of Daniel Pinto, who

will retire at the end of 2026.

Piepszak is currently co-CEO of its commercial and

investment bank. In her three decades at JPMorgan ( JPM ), she served as

its finance chief from 2019 to 2021 and ran card services and

business banking. The executive also spent 17 years climbing the

ranks in investment banking.

Pinto, who will relinquish his responsibilities as of

June 30, was previously cited by the board as the executive who

could step in for the CEO in the near term, as he did in 2020

when Dimon had an emergency heart surgery.

Other than Piepszak, top contenders for the CEO job

include Troy Rohrbaugh, who heads the commercial and investment

bank, Marianne Lake, CEO of consumer and community banking and

Mary Erdoes, CEO of asset and wealth management.