JP Morgan hires Lisa Davis to lead digital commercial payments, replaces Sairam Rangachari

JP Morgan Chase & Co, a company that provides innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world, has appointed Lisa Davis, a Citigroup Inc veteran, to oversee various digital products businesses.

Prior to joining JP Morgan, Davis had a 22 years stint with Citigroup where she headed the bank’s start up incubator within its institutional clients group.

Davis will take over from Sairam Rangachari as head of channels as he moves to a new role within the bank, an internal memo signed by Hubert JP Jolly, global head of payments for Wholesale Payments, said.

Jolly joined JP Morgan in April after leading Bank of America Corp’s global commercial banking, global transaction services and channels.

JP Morgan also said in April it was hiring the head of cryptocurrency trading platform Bakkt, Mike Blandina, as its new head of wholesale payments technology.

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