JPMorgan Chase, the $110 billion financial services firm, announced Marianne Lake will succeed Doug Braunstein as CFO. Braunstein will become vice chairman of the bank. Lake, 43, is currently CFO of consumer and community banking business for the New York-based company. She served as global controller from 2007 to 2009, worked in the bank’s corporate finance group from 2004 to 2007 and earlier served as the senior finance officer for the U.K. Lake started her career working at PricewaterhouseCoopers in London and Sydney.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Company also plans $30 billion in U.S. capital expenditures.
Wage and hour settlements accounted for $1.2B of the total.
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