JPMorgan Promotes Anish Bhimani to CPO in Commercial Bank
- Anish Bhimani has been promoted to Product Manager at JPMorgan Commercial Bank.
- Bhimani has been with JPMorgan for 18 years.
- Bhimani is the second CIO to become the bank’s product manager this month.
JPMorgan Chase continues to look to technical leaders to lead its product teams across the bank, a nod to the importance Wall Street places on the digital experience.
Anish Bhimani, chief information officer at JPMorgan’s commercial bank, will now hold the position of chief product officer at commercial bank, he wrote in a post on LinkedIn on Tuesday.
“I am delighted to join the company as Product Manager for Commercial Banking at JPMC, leading digital, data and product development. It’s hard to leave a great technical team, but I look forward to working with them to deliver great experiences and ideas to our commercial bank clients, ”Bhimani wrote in the post.
A spokesperson for JPMorgan Chase confirmed the move and said Bhimani will retain his role as the commercial bank’s CIO and member of the global technology leadership team until a successor is identified.
In his new role, Bhimani will lead the digital and data efforts of the commercial bank and report to the CEO of the commercial bank, Doug Petno, the spokesperson added.
JPMorgan’s commercial bank, which serves everything from startups to large corporations, generated $ 2.5 billion in net income in the second quarter, according to the bank’s latest results, a gain of 3% from the previous quarter. last year.
This is the second such move for JPMorgan, which earlier this month promoted Rohan Amin, former CIO at consumer banking, to chief product officer for Chase. Amin filled the void left by Allison Beer, who stepped down to become CEO of Card Services and Connected Commerce in September.
A product manager is generally a more commercial role. These executives guide the strategy and development of tools used by internal and external clients, covering a range of functions from research and design to marketing and distribution. CPOs determine which products and services will perform in the marketplace, while CIOs and CTOs provide the technology needed to bring products to life.
Bhimani, managing director and 18-year veteran of the bank, has held a number of senior technology roles at JPMorgan Chase, including CIO for technology and enterprise risk and director of corporate security. ‘information.
With the appointments of Amin and Bhimani, two JPMorgan veterans with strong tech backgrounds have now been placed in two of the bank’s most visible product roles.
JPMorgan executives hardly hesitated about the bank’s need to innovate to match fintechs. CEO Jamie Dimon said he expected “very tough and brutal competition” last January, and the bank has rounded up at least 10 consumer-focused startups in the past two years.