JPMorgan names retail finance executive Lake as new CFO

JPMorgan Chase & Co's international headquarters are seen on Park Avenue in New York(Reuters) – JPMorgan Chase & Co on Monday named Marianne Lake, currently financial chief of its retail banking unit, to be chief financial officer, elevating a little-known executive to the senior ranks of the largest U.S. bank. Lake, 43, will replace Doug Braunstein as CFO early next year, becoming one of the highest-ranking women on Wall Street, along with others such as Ruth Porat, the chief financial officer of Morgan Stanley . Lake will answer directly to Dimon in her new job, reestablishing a reporting line for the job that Dimon had taken from Braunstein in July. …

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