JPMorgan names firm vet to lead international consumer bank
JPMorgan Chase named veteran banker Mark O'Donovan the next head of its international consumer bank Monday, according to an internal memo seen by Banking Dive.
O'Donovan, who will replace Sanoke Viswanathan, will oversee Chase's U.K. arm, its planned launch in Germany, future market expansion and the bank's stake in Brazilian neobank C6. Additionally, he will oversee Nutmeg, JPMorgan's European investment arm.
Viswanathan is leaving JPMorgan to become chief executive of financial software firm FactSet in September. He spent 15 years at the bank and led its expansion into the U.K., which since 2021 has garnered more than 2.5 million customers.
'We have a special culture of collaboration and disruptive thinking at JPMorganChase that permeates the organization. Every line of business wants to be the best it can be, and I will carry that spirit with me as I move into my new role,' Viswanathan said of his transition in a LinkedIn post.
O'Donovan's career at JPMorgan spans three decades, including his current role as CFO of the commercial and investment bank, according to the memo. He was previously CEO of Chase's home lending business, and before that, CEO of Chase Auto. He will relocate to London and report to Consumer and Community Banking CEO Marianne Lake.
O'Donovan was integral in integrating First Republic, too, following JPMorgan's acquisition of the lender in 2023, the bank said. First Republic was one of several banks to fail in early 2023, and was the second largest bank to fail in U.S. history.
JPMorgan's co-head of global corporate banking, Bregje de Best, will replace O'Donovan as the CIB's CFO. James Roddy, the other global corporate banking co-head, will move forward as the business' sole head. de Best and Roddy have been with the bank 19 years and 26 years, respectively.
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