Pinto, who has worked at JPMorgan and a predecessor firm for more than four decades, will cease being COO and president in June and retire at the end of 2026, the bank said. This

America’s biggest bank plans to launch a digital retail lender in Germany, Europe’s biggest economy but one with a notoriously unprofitable banking sector.

JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, elevating a potential successor to CEO Jamie Dimon to a key companywide role.