JPMorgan Chase Announces CFO Change for 2013

""JPMorgan Chase's"":http://www.jpmorganchase.com/corporate/Home/home.htm leadership team is undergoing a few changes: The bank announced that effective early next year, Marianne Lake will be stepping into the role of CFO. Meanwhile, current CFO Doug Braunstein will become vice chairman of the company.

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Lake is currently CFO of JPMorgan Chase's Consumer & Community Banking unit, one of the largest financial services businesses in the country.

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Prior to taking that role, she served as global controller of the investment bank from 2007 to 2009. Before that, she was in the Corporate Finance group managing global finance infrastructure and controls functions.

Lake started her career as a chartered accountant at PriceWaterhouseCoopers in their London and Sydney offices.

""Marianne Lake is an outstanding choice for this critically important role,"" said Jamie Dimon, chairman and CEO, noting Lake's ""impressive breadth of knowledge and experience in finance"" in the bank's wholesale and consumer businesses.

""Marianne will be an excellent successor to Doug Braunstein, an outstanding colleague who I want to thank for his hard work and dedication in the CFO role,"" Dimon added.

While Lake takes over the CFO position, Braunstein will focus on serving the firm's top clients, drawing on years of expertise and experience in key client coverage roles in JPMorgan Chase's investment bank.