JPMorgan names two new CIOs for tech models

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(Reuters) – JPMorgan Chase has appointed James Reid as chief info officer for a brand new unit centered on creating and modernising know-how utilized by the financial institution’s 250,000 workers, an inner memo despatched on Friday and seen by Reuters confirmed.

Reid, who was most just lately head of company know-how’s engineering and structure workforce, turns into the financial institution’s first Black CIO and the primary Black member of its know-how management workforce.

JPMorgan, the most important U.S. financial institution by property, has additionally appointed company-wide chief knowledge officer Melissa Goldman as chief info officer for the renamed Finance, Threat, Information and Controls know-how unit, the memo mentioned.

In her position, Goldman will proceed to steer a workforce creating know-how for danger, compliance, finance, liquidity, controls and knowledge capabilities.

Many banks are in search of to modernise their programs, as extra prospects search to work together with them digitally, and workers work and collaborate remotely.

The appointments additionally observe a renewed dedication by JPMorgan late final 12 months to enhance the variety of its workforce and enhance racial and gender variety in its most senior ranks.

As CIO for Worker Expertise and Company Know-how, Reid will report back to the banking group’s CIO Lori Beer and lead a workforce that builds and maintains programs used throughout the financial institution’s company capabilities, corresponding to HR, authorized and audit, tax and robotics, the memo mentioned.

Reid is a Distinguished Engineer, a title given to a choose group of JPMorgan’s technologists who drive the agency’s know-how technique, in addition to a member of the Cloud Design Council, and a pacesetter of variety and inclusion initiatives on the firm.

Previous to becoming a member of JPMorgan in 2019, Reid labored at Equifax for 17 years, the place he was senior vice chairman of core software program engineering.

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