JPMorgan Names Guy Halamish COO to Accelerate AI Strategy Across Investment Bank

JPMorgan Promotes Halamish With Mandate to Accelerate AI Rollout

JPMorgan Chase & Co. named Guy Halamish chief operating officer of its commercial and investment bank to help speed up the rollout of artificial-intelligence tools across that business. Halamish, who has been at the biggest US bank for more than two decades, will work directly with the heads of markets, global banking, payments and securities services to "maximize the impact of AI," according to an internal memo this week. He'll appoint chief data and analytics officers for each of those businesses as part of the effort.

JPMorgan's commercial and investment bank names Halamish as COO to lead AI strategy, memo shows

Feb 12 (Reuters) - JPMorgan Chase's (JPM.N), opens new tab commercial and investment bank has appointed insider Guy Halamish as chief operating officer to oversee data and AI strategy across the division, according to an internal memo seen by Reuters. Banks and companies across Wall Street are rushing to deploy AI to improve efficiency, with significant investment heightening pressure on firms to modernize quickly and deliver tangible results from the technology. Under the new structure, chief data and analytics officers for payments, global banking, securities services and markets will report jointly to Halamish and the respective business heads. The memo said the revamped team will focus on improving data quality, strengthening governance, preparing infrastructure for AI agents and driving end-to-end transformation in areas like credit and client onboarding. JPMorgan, the biggest U.S. bank, has been building out its data organization under Teresa Heitsenrether since 2023, as part of a broader push to modernize technology and maintain an edge over Wall Street rivals. Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles., opens new tab

JPMorgan's commercial and investment bank names Halamish as COO to lead AI strategy, memo shows

Feb 12 (Reuters) - JPMorgan Chase's commercial and investment bank has appointed insider Guy Halamish as chief operating officer to oversee data and AI strategy across the division, according to an internal memo seen by Reuters. Banks and companies across Wall Street are rushing to deploy AI to improve efficiency, with significant investment heightening pressure on firms to modernize quickly and deliver tangible results from the technology. Under the new structure, chief data and analytics officers for payments, global banking, securities services and markets will report jointly to Halamish and the respective business heads. The memo said the revamped team will focus on improving data quality, strengthening governance, preparing infrastructure for AI agents and driving end-to-end transformation in areas like credit and client onboarding. JPMorgan, the biggest U.S. bank, has been building out its data organization under Teresa Heitsenrether since 2023, as part of a broader push to modernize technology and maintain an edge over Wall Street rivals. (Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore)