JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, setting off an executive shuffle with implications for succession planning for CEO Jamie Dimon.

Jennifer Piepszak brings a wealth of expertise to her new role. She served as JPMorgan's Chief Financial Officer from 2019 to 2021 before becoming co-CEO of the commercial and investment bank.

Piepszak will succeed Daniel Pinto, a top lieutenant of Dimon and a four-decade veteran at the investment bank. He will relinquish his role as president and COO on June 30 and retire at the end of 2026.