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JPMorgan boasts a $12 billion annual technology budget, 53,000 technologists and 500 petabytes in data storage. Lori Beer, JPMorgan’s global chief info officer, and her team are at the heart of it all.

Beer joined JPMorgan in 2014 to be the CIO of corporate investment and corporate banking. She was named global CIO in 2017 and joined the bank’s operating committee reporting directly to Jamie Dimon (CEO and chairman).

Insider has identified the key tech executives at JPMorgan, who report to Beer. They help Beer lead the bank’s large tech org. Many of her team are focused only on certain business lines. There are chief information officers who are responsible for specific areas such as corporate and financial banking, asset and wealth management, consumer and community banking, and consumer and community banks. Some executives work across the bank and focus on areas like employee experience or technology architecture.

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Allison Beer shines in the spotlight after a leadership reshuffle.

Chase’s new CEO is Allison Beer.

Allison Beer

JPMorgan announced September that Alison Beer would become the CEO of Chase cards.

consumer-banking

division. She is the third woman to manage the bank’s cards business. 

Beer was Chase’s Chief Product Officer in 2017. She joined Chase in 2017 and has held multiple roles, including head customer experience and digital, head corporate development for banking, and head payments partnerships for Chase digital.

Her promotion follows months of leadership reshuffle at the firm that began with the promotion this spring of Lake and Piepszak. Gordon Smith is retiring at the end the year after his roles as copresident and cochief operating officer of CCB and CEO of CCB. The pair took over running CCB. Dan Pinto will be JPMorgan’s sole president/COO.

Rumours circulated about the potential candidates to succeed Dimon, who is 65 and Wall Street’s longest serving CEO of a major bank. JPMorgan gave Dimon this summer a stock award that will pay off as the firm’s shares increase. He has to remain around five years to collect it. Dimon’s long-term stewardship, management-succession planning, and JPMorgan’s strong performance since 2005 were some of the factors considered in granting the award, the bank said in a filing. 

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