NEW YORK: JPMorgan Chase & Co on Tuesday named Thasunda Duckett to be consumer banking chief executive, succeeding Barry Sommers, who is taking a role as chief executive of wealth management within a new unit that will bridge the company's retail bank and asset management segments.
Sommers will lead the unit with Brian Carlin, who will be chief executive of investment and banking solutions.
Their new unit will be known as Wealth Management & Investment Solutions. The changes were announced in internal memos seen by Reuters and reported earlier in the day by the Wall Street Journal.
Duckett, who is known as "T," has been chief executive for auto finance since 2013. Her replacement in auto finance will be named shortly, according to one memo.
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