JPMorgan Chase & Co has hired Sherry Ann Mohan, a senior executive at Goldman Sachs Group, as the chief financial officer of its business banking unit, according to a memo seen by Reuters. Mohan was the managing director and CFO for Goldman’s consumer business, which includes Marcus and Apple Card, and will be departing after…
JPMorgan Chase & Co has appointed former HSBC Holdings Plc executive Jeremy Balkin as head of fintech and innovation for wholesale payments. In his new role, Balkin will oversee fintech and innovation initiatives for wholesale payments, and be involved in JPMorgan’s decisions to invest or partner with companies that can help further its strategy in…
JPMorgan Chase & Co. and cxLoyalty Group Holdings announced they have signed an agreement for JPMorgan Chase to acquire the Global Loyalty business of cxLoyalty Group Holdings. The deal includes cxLoyalty’s leading technology platforms, full-service travel agency, gift card, merchandise, and points bank businesses, the press statement said. Commenting on the deal, Marianne Lake, Chief…
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…
British multinational bank Barclays Investment recently announced the appointment of Alex Lynch to the role of Chairman of Banking. Lynch will be based in New York and report to Joe McGrath, Global Head of Banking. In his new role, Lynch will focus on developing relationships with Barclays’ clients, both within the financial institutions space and…
Investment banking company JP Morgan recently announced that its current Chairman for South and Southeast Asia Kalpana Morparia is set to retire after a decade-long stint with the company. The American bank notified that she will hold her position till the first quarter of 2021 fiscal year. She will be replaced by former UTI Mutual…
Marriott International, Inc. announced that it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. and American Express. The company said that these amendments will provide the company with $920 million of cash, further enhancing its liquidity, with $570 million coming from Chase and $350 million coming from American…