"The bank is reshuffling its commercial and investment bank to "maximize the impact of AI," according to an internal memo seen by Business Insider that was sent this week. The firm has named Guy Halamish as the chief operating officer of the CIB and tasked him with overseeing the ongoing effort to "harness the power of our data and fully leverage rapidly evolving AI capabilities," the memo, signed by the CIB's co-CEOs, Doug Petno and Troy Rohrbaugh, said."
"Under the new structure, each major business in the division, including banking, markets, payments, and securities services, will have its own chief data and analytics officer reporting jointly to Halamish and business heads.The bank recentlyhired Zachery Anderson as the chief data and analytics officer of its payments division, after a nearly six-year stint at UK-based lender NatWest. In a LinkedIn post about the new job, Anderson said he wants to push the "edge of the possible with AI.""
JPMorgan is reshaping its commercial and investment bank to maximize AI impact by consolidating data and analytics leadership. Guy Halamish has been named chief operating officer of the CIB and will oversee a new group of chief data and analytics officers. Each major business—banking, markets, payments, and securities services—will have its own officer reporting jointly to Halamish and business heads. The bank recently hired Zachery Anderson as payments chief data and analytics officer. The program aims to break silos, prepare infrastructure for advanced AI and AI agents, and drive end-to-end transformation such as faster client onboarding. The CIB generated $25 billion in net income in 2024.
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